November 12, 2019 / 10:46 AM / a month ago

Egypt hires banks for triple-tranche dollar bond issue

DUBAI, Nov 12 (Reuters) - Egypt has hired banks to arrange a potential issue of U.S. dollar-denominated bonds split into tranches of four, 12 and 40 years, a document showed on Tuesday.

BNP Paribas, Citi, JPMorgan, Natixis and Standard Chartered have been mandated as joint bookrunners for the debt sale.

The bonds will be of benchmark size, which generally means upwards of $500 million per tranche. (Reporting by Davide Barbuscia; Editing by Andrew Heavens)

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