Egypt 10-Year Bonds Sell 1st Time Since Revolution

Posted on 04/03/2012

Egypt’s borrowing costs have soared since foreign investors discarded $7.5 billion of government debt that followed the protests and revolution. Egypt has sold 10-year bonds for the first time since the start of the revolution. It sold them at an average yield of 17.03%. The auction was not much in terms of size, 1 billion […]