Bond Egypta 5.75% ( XS2176895469 ) in USD

Issuer	Egypta
Market price	100 % ▲
Country	Egypt
ISIN code	XS2176895469 ( in USD )
Interest rate	5.75% per year ( payment 2 times a year)
Maturity	29/05/2024 - Bond has expired
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Minimal amount	200 000 USD
Total amount	1 250 000 000 USD
Detailed description	Egypt is a transcontinental country spanning northeast Africa and southwest Asia, known for its ancient civilization, including iconic landmarks like the pyramids of Giza and the Sphinx. The bond identified by ISIN XS2176895469, a significant U.S. dollar-denominated sovereign debt instrument issued by the Arab Republic of Egypt, has successfully reached its maturity date of May 29, 2024, and has been fully repaid. This fixed-income security carried an annual interest rate of 5.75%, with interest payments disbursed semi-annually, making it an attractive offering for investors seeking exposure to emerging market sovereign debt. The total size of this particular issuance was substantial, amounting to $1,250,000,000, with an initial minimum purchase size set at $200,000, primarily targeting institutional participants in the global financial markets. Egypt, as a key economy in the Middle East and North Africa region, frequently engages with international capital markets to finance its national development initiatives and manage its fiscal requirements, and its timely fulfillment of this obligation, repaid at 100% of its par value, underscores the nation's steadfast commitment to honoring its financial pledges and contributes to bolstering investor confidence in its credit standing.