Orascom to raise $296m via bond issue
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Orascom to raise $296m via bond issue

Orascom to raise $296m via bond issue

Egypt's Orascom Construction Industries has said its board of directors have approved the sale of $296.1m in 5-year bonds to finance acquisitions, Reuters has reported. The bonds, which will be tradable but not non-convertible into shares, will be offered in public and private tranches, and will also be used to refinance its balance sheet, OCI said.

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