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Egypt defers Panda bonds issuance in FY17/18

Egypt defers Panda bonds issuance in FY17/18
Ministry of Finance to postpone issuance of Panda bonds in FY17/18

Cairo – Mubasher: The Ministry of Finance decided to postpone the issuance of Panda bonds, the Chinese Yuan-denominated bonds, in the current fiscal year, an official source told Alborsa News.

The source attributed this deferral to the ministry’s desire to issue a new foreign bonds programme in FY17/18, which will include dollar-denominated and Euro-denominated bonds, according to the newspaper.