Egypt has appointed a number of banks to manage its
potential debut sale of sukuk, sources familiar with the matter told Bloomberg
on February 17th.
The hired banks, namely Citigroup Inc, Credit Agricole SA,
Emirates NBD Capital, First Abu Dhabi Bank PJSC, HSBC Plc, and Abu Dhabi
Islamic Bank, will act as joint lead managers and joint bookrunners.
The state has already begun conducting a global investor
call as well as fixed-income investor calls as of February 17th to promote the
Islamic bonds’ sale.
The roadshows are expected to end on February 20th, with
decisions on the sale to be based on market conditions.
On February 15th, it was reported that Egypt considers
raising up to $1.5 billion through a debut sale of sukuk.
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