Telecom Egypt will announce its Full Year Results on Monday 15th March 2010 - Telecom Egypt Announces the Acquisition of TE Data Remaining Minority Stakes 05/01/10.Telecom Egypt Announces 9M 2009 IFRS Consolidated Results 03/12/2009. - Telecom Egypt Announces 9M 2009 Consolidated Results 12/11/2009.
  • Issue size : EGP 2 billion divided into two tranches

                     1st Tranche : EGP 1 billion, annual fixed coupon rate at 10.95% payable quarterly.
                     2nd Tranche : EGP 1 billion, annual floating coupon rate = (Central Bank of Egypt discount rate + 0.70%) payable quarterly.

  • Face value : EGP 100 per bond

  • Maturity: 5 years

  • Number of bonds outstanding : 20 million bonds

  • Date of close of public subscription : 3 February 2005

  • Registration status : Bonds registered at Egyptian Stock Exchange (EGX) and Misr for Clearance, Settlement and Central Depository (MCSD)

  • Call Option/Prepayment : The Issuer has the right to partially or fully prepay any amount of the Issue provided that the partial prepayment is at least EGP 100 million (only one hundred million Egyptian pounds) or its multiples and that the prepayment date occurs on any of the Coupon Payment Dates.  The call option / prepayment possibility begins on the date of the coupon number (8) or the beginning of the third year. Prepayment will not entail the payment of any penalties or indemnifications to the bondholders.

  • Coupon payment dates : 1 March , 1 June , 1 September and 1 December.

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