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Egypt Raises $7bn In London In First Half Of 2017

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London Stock Exchange welcomes Egypt’s return to London’s debt capital markets, opening up its existing London-listed $4 billion multi-tranche bond to new investors through a tap issue. The tap issue raised $3 billion, $750 million in 5, $1 billion in 10 and $1.25 billion in 30 year notes. The additional notes started trading on London Stock Exchange today. Funding will support Egypt in financing its long term economic reform programme.

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