Egypt’s sovereign USD bonds continue rising after Ras El-Hekma deal

Updated 2/26/2024 1:38:00 PM
Egypt’s sovereign USD bonds continue rising after Ras El-Hekma deal

Arab Finance: Egypt’s sovereign dollar-denominated government bonds climbed by over 3 cents, extending the significant increase following the country’s $35 billion deal with Abu Dhabi Developmental Holding (ADQ), Al Arabiya Business reported, citing data by Tradeweb.

The data showed that the USD bonds maturing in 2029 had achieved the highest earnings at 1.8 cents to trade at around 85.3 cents, its highest level in just over a year.

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