Pre-Trading Thoughts

The government wants to secure as much as USD3 bn in fresh debt financing by the end of the fiscal year, this is set to include: USD 1.5 bn from a range of financial institutions;USD 500 mn from Deutsche Bank and the Arab Banking Corporation;The equivalent of USD 500 mn from the recently-closed panda bond;Another USD 500 mn from an upcoming samurai bond.Egypt's 5-year CDS rate rose to 18.82% on Wednesday, two days before S&P credit rating review for the country, increasing 1.8% compared t...