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Egypt’s central bank receives $4 bln from Eurobond sale

Sold bond in three tranches last week, raising twice as much as it initially targeted and at lower yields than expected

Published: Updated:

Egypt’s central bank received $4 billion on Tuesday from its Eurobond sale last week, Central Bank Governor Tarek Amer told the state news agency on Wednesday.

Egypt sold $4 billion of Eurobond in three tranches last week, raising twice as much as it initially targeted and at lower yields than expected.