Pre-Trading Thoughts

Egypt successfully closed its maiden Samurai bond issuance, selling USD500 million of the JPY-denominated bonds, with a maturity of five years and a coupon rate of 0.85% Expectations indicate that the fuel pricing committee will meet before the end of March, to determine the new prices for gasoline and diesel Prime Minister has notified ministers, governors, and state officials that in April they will need to review their budgets and cut costs where necessary; Any new projects that have not y...