OCI to raise $307m via bond issue
Cairo, May 5, 2010
The board of Egypt's Orascom Construction Industries (OCI) approved the issuance of 5-year bonds worth EGP1.7 billion ($307 million) to fund acquisitions, the firm said on Wednesday.
The firm, in a statement published by the stock exchange, said it would call for an extraordinary shareholder meeting to approve the issuance, without giving a date.-Reuters
