Source: Bloomberg TV
Morgan Stanley has released a strategy note recommending the purchase of USD bond in Egypt, as reported on Bloomberg Daybreak: Middle East and Africa (a morning show on Bloomberg TV) Morgan Stanley favors buying dollar-denominated high-yield government bonds in 2024 from eight countries ranging from Colombia to Egypt.
The note specifically highlights the 2050 bond. According to the note: “Post-elections, we see a high likelihood of reforms resuming with a combination of an FX adjustment and interest-rate hikes. Despite the recent rally, valuations still screen as cheap, particularly in the long end'
EGVEST conducted a web search and discovered a bond associated with Egypt, which has a maturity date of May 29, 2050 and a coupon rate of 8.875%. This bond is listed on the London Stock Exchange. The most recent trade for this bond took place on November 26, 2023, with a total volume of 1,400 at a price of USD 57.591. Here is the link to the data we found: https://www.londonstockexchange.com/stock/04OD/arab-republic-of-egypt-the/company-page
Disclaimer and Terms of Use
The data provided on any page at www.egvest.com aren't for any investment decision or taking any action of buy or sell of any asset or investments of any type; the information on this page has been obtained from sources that EGEVST believed to be reliable, we have not independently verified such information, and it may not be accurate or complete.
EGVEST.com published a delayed feed for the Egyptian stock exchange executed stocks and its leading indices through a previous contract with EGID "Egypt for Information Dissemination" the delayed feed is referred to below as "information."
The "information" displayed and published by EGVEST.com could lead to financial losses. It should be used on a personal and only personal responsibility. The "information" contains simplified mathematical calculations that clarify, simplify, and classify the "information" without using any financial valuation methods and don't represent any recommendation to buy, sell or hold financial assets.
The Data source is the Central Bank of Egypt website and on this system for display only without any analysis or recommendations
Comments