Cairo – Mubasher: The Central Bank of Egypt (CBE) on Thursday announced it has entered into a new repurchase transaction worth $3.8 billion with a consortium of international banks.
The bank consortium comprised of Citigroup Global Markets Limited, Credit Suisse AG - London, Deutsche Bank AG- London, First Abu Dhabi Bank, HSBC Bank plc, HSBC Bank Middle East Limited, ICBC Standard Bank plc, J.P. Morgan Securities plc, Natixis, and Nomura International plc, the CBE added in a statement.
The deal has a final maturity of four years and six months and an average life of three years, according to the statement.
The repurchase transaction is set to be settled on 19 November, following the CBE reimbursement of $3.1 billion to a consortium of international banks on 15 November under the terms of the previous deal transacted in November 2017.
