Egypt has started marketing a triple-tranche US dollar benchmark bond deal, according to a lead.
Initial price thoughts for a five-year tranche are at 6.375-6.625%. A 10-year tranche is being marketed at 7.625-7.875% and a 30-year tranche is being marketed at 8.625-8.875%.
The 144A/Reg S offering is being run by BNP Paribas, Citigroup, JP Morgan and Natixis.
The sovereign is rated B3/B (Moody’s/Fitch).