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The Week That Was (12 – 18 December, 2022)

The Week That Was (12 – 18 December, 2022)

US primary market issuances dropped further last week to $3bn vs. $9.3bn in the week prior to it with JPMorgan raising the entire amount via 3Y issuance. In North America, there were a total of 16 upgrades and 24 downgrades across the three major rating agencies last...

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Egypt Gets $3bn EFF Arrangement from IMF

Egypt Gets $3bn EFF Arrangement from IMF

Egypt got approval from the IMF board to receive $3bn in funds under the multilateral lender's Extended Fund Facility (EFF) 46-month arrangement. Here, Egypt will immediately receive SDR 261.13mn ($347mn), to meet their balance of payments need and provide support its...

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