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Egypt eyes $4-7bn Eurobond issues in Q1-19

Egypt eyes $4-7bn Eurobond issues in Q1-19
The international bonds could be offered for sale at a range between $4 billion and $7 billion

Cairo – Mubasher: The Egyptian government is looking to issue yen, yuan, and US dollar-denominated bonds in the first quarter of 2019.

The international bonds could be offered for sale at a range between $4 billion and $7 billion, a government source told Enterprise.

Earlier this month, finance minister Mohamed Maait said that the North African nation was planning to offer Eurobonds worth around $5 billion for sale early 2019.

A government source previously revealed that Egypt was looking to issue Eurobonds worth $20 billion until 2022.