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Egypt reopens door for int’l bonds subscription

Egypt reopens door for int’l bonds subscription
The Egyptian Ministry of Finance - (Photo Credit: Arabianeye-Reuters)

Cairo - Mubasher: The head of the Debt Management department in the Egyptian Ministry of Finance (MoF) said that subscription for the USD international bonds has been opened.

Samy Khallaf added in a phone call with Mubasher on Wednesday that investors’ requests to subscribe in Egyptian bonds will be received and then evaluated based on its correspondence to the demanded return.

Khallaf also noted that the process will be managed by the same banks that managed the last bonds programme in January.