Egypt to take USD 5 bn eurobond issuance to market this week: The Finance Ministry is planning to sell up to USD 5 bn-worth of eurobonds on the Luxembourg Stock Exchange this week, according to the domestic press. The ministry has decided to forgo a roadshow for the issuance, according to an unnamed government source, saying state officials have already tested appetite in meetings with investors regarding over the past several weeks. The proceeds from the issuance will be used “to finance a portion of [Egypt’s] fiscal deficit” or to finance other needs in the state budget, according to the issuance prospectus (pdf).

Whether you’re a finance nerd or just super-curious, the prospectus is a must-read. Or at least a must-skim. Written in dense legalese, it provides simple primers on everything from Egypt and EM risk to a section that, for lack of a better term, describes ‘how Egypt works.’

Advisers: JP Morgan, HSBC, Goldman Sachs, and Citibank will advise on the USD-denominated eurobond issuance, while BNP Paribas, Natixis, Bank of Alexandria, and Standard Chartered were tapped to manage the EUR-denominated portion of the issuance. The National Bank of Egypt and Banque Misr will be “assisting with the offerings.” The ministry also picked Al Tamimi & Co. as domestic legal counsel and Dechert LLP as international legal counsel for all the offerings.