Cairo – Mubasher: The Egyptian finance ministry is looking to offer a bid this month to pick up an investment bank to arrange the sale of yen-denominated, yuan-denominated, and dollar-denominated bonds worth around $4 billion to $7 billion early 2019, a source said.

The source declined to unveil the date of announcing the winner of the bid, Enterprise reported.

Sources previously said that the issuance date would be set following the ministry selects advisors for the sale.

Finance minister Mohamed Maait stated that the Eurobond sale would take place in the first quarter of 2019.

The finance ministry is seeking to diversify financing sources by raising nearly $20 billion from selling international bonds until 2022.