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Egypt eyes $20bn Eurobond sale until 2022

Egypt eyes $20bn Eurobond sale until 2022
Egypt to issue $20bn Eurobonds until 2022

Cairo – Mubasher: Egypt is planning to issue Eurobonds worth $20 billion until 2022, a government source said.

The source has not revealed any further details regarding the issue timeframes or its currencies.

In January 2017, former finance minister Amr El Garhy stated that the government was planning to issue the Japanese Samurai-bonds and the Chinese panda-bonds.

In September, finance minister Mohamed Maait called for reviving this plan, revealing that the ministry seeks to issue renminbi-denominated bonds and yen-denominated bonds.