Fitch Rates Egypt’s USD1.5bn 2025 Bond ‘B’
The Fitch Ratings headquarters in New York - AFP
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Fitch Ratings-London-11 June 2015: Fitch Ratings has assigned Egypt’s USD1.5bn global bond maturing 11 June 2025 a ‘B’ rating. The bonds have a coupon rate of 5.875%.

The proceeds will be used for the general budgetary purposes of the government.

KEY RATING DRIVERS
The rating is in line with Egypt’s Long-term foreign currency Issuer Default Rating (IDR) of ‘B’ with a Stable Outlook.

RATING SENSITIVITIES
The rating would be sensitive to changes in Egypt’s Long-term foreign currency IDR. On 19 December 2014 Fitch upgraded Egypt’s Long-term foreign currency IDR to ‘B’ from.

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