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Egypt to start euro-denominated bond talks in February – Minister

Egypt to start euro-denominated bond talks in February – Minister
Egyptian finance minister Amr El-Garhy

Cairo – Mubasher: Egypt will begin talks with European banks within few days to issue euro-denominated bonds, Reuters reported on Wednesday, citing finance minister Amr El-Garhy as saying.

Scheduled to be issued next April, the value of the upcoming Eurobond sale is projected to range between EUR 1 billion and EUR 1.5 billion, he added.

The import-dependent nation has issued Eurobonds worth $4 billion with three different maturities on Tuesday, 14 February.