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Improvement of investments boost Egypt's euro bonds' assessment
Egypt, Economics, 7/9/2001
Moody's Assessment Institution announced that the Egyptian recent euro bonds deserve Ba1 settle. Egypt, two weeks ago issued $ 1500 million dollar bonds that were sold totally at the world business markets. Minister of Economy Youssef Boutros Ghali said that assessment depended on some economic and political factors including the state's efforts to improve the investment climate, monitor the public expenditure and control the volume of debts.
Egypt will receive today the toll sums of selling its bonds to be added to the foreign reserve at the Central Bank of Egypt.
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Egyptian bond sale proving widly popular
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