Cairo – Mubasher: Egypt’s Ministry of Finance (MoF) on Monday announced the completion of examining the proposals of local and international legal advisors and banks for a dollar, euro-denominated bond sale this fiscal year.

The MoF has picked up four investment banks, comprising of Citibank, J.P. Morgan, HSBC, and Goldman Sachs, to arrange the issuance of the US dollar-denominated Eurobonds, according to a statement.

The ministry has also selected another four banks as the bookrunners of the euro-denominated bonds, the statement said. These banks are BNP Paribas, French investment bank Natixis, Alex Bank San Paolo, and Standard Chartered.

Al-Tamimi & Co. Law Firm has been chosen as the local legal advisor, while Dechert LLP will be the global advisor, the statement added.

Both Egypt's state-run National Bank of Egypt (NBE) and Banque Misr will help in the Eurobond issues, the statement indicated.

It is worth noting that the MoF had received 36 technical and financial offers in a bid for choosing the bookrunners and advisors of the international bond sale.