Egypt PM says Saudis planned $5 bln investment independent of cenbank deposit

Egypt PM says Saudis planned $5 bln investment independent of cenbank deposit

Via Nayera Abdallah in reuters.com: Egypts Prime Minister Mostafa Madbouly said on Thursday that a planned Saudi Arabian investment of $5 billion in Egypt is independent of funds the Gulf state has deposited in the countrys central bank, sending bond prices higher. The countrys sovereign dollar bonds rallied to fresh two-year highs. The 2059 maturity gained the most, rising 1.35 cents, to bid at 77.60 cents on the dollar by 1309 GMT, Tradeweb data showed.





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