Egypt set to raise 2 billion euro with dual-tranche bond

DUBAI: Egypt is set to raise 2 billion euro ($2.24 billion) with a dual-tranche bond of six and 12 years, according to a document issued by one of the banks leading the deal.

The country is raising 750 million euro in six-year and 1.25 billion euro in 12-year notes, which offer yields of 4.75 percent and 6.375 percent, respectively.

The debt sale has attracted over 8.6 billion in demand, the document said.