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CBE signs $ 3.8 billion financing agreement with international banks

Thursday 11/October/2018 - 03:44 PM
Sada El Balad
Mohamed Emad


The Central Bank of Egypt (CBE) entered into a new repurchase transaction of $3.8 billion، it said in a statement on Thursday.

The maturity date was set to four and a half years from the date of conclusion and the average maturity of 3 years،

The transaction will be settled on November 19، 2018 after the CBE repaid $ 3.1 billion on 15 November 2018.

ICBC Standard Bank، J.P. Morgan Securities، Natixis، and Nomura International are also part of the consortium، it said in a press release on its website، according to Reuters.


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