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Egypt starts debut dollar sukuk sale

22 Feb 2023 | Wednesday Source: The National

Egypt has begun the sale of its first Islamic debt issuance, reportedly attracting strong demand.

The three-year Sharia-compliant bonds, known as sukuk, were expected to raise $1.5 billion and demand is believed to have topped $5.8 billion, excluding joint lead manager interest, according to a document reviewed by Bloomberg on Tuesday.

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