Cairo – Mubasher: The Egyptian government is planning to issue international bonds in order to raise from $3 billion to $7 billion, finance minister Mohamed Maait said.

Bonds will be offered in February or March, the minister added, according to Reuters.

Maait revealed that the North African country was planning the issuance of a group of dollar-denominated and euro-denominated bonds by the end of the current fiscal year, which ends on 30 June.

“Another offering of green bonds as well as international bonds in an unspecified Asian currency will be offered after that,” the international news agency reported, citing the top official as saying.

JP Morgan, HSBC, and Citigroup will manage the dollar-denominated issue, while BNP Paribas, Natixis, Alex Bank, and Standard Chartered will be hired for the management of the euro-denominated issue, Maait remarked.