Cairo – Mubasher: Egypt has raised the Eurobonds issuance volume of its international bond sale programme to $30 billion, according to the Luxembourg Stock Exchange’s bulletin.

In March, the Egyptian Ministry of Finance (MoF) announced the issuance of Eurobonds worth $4 billion with maturities of five years, ten years, and 30 years.

Egypt seeks to cut borrowing cost through counting on Eurobond issuances instead of the country's domestic high-yield debt.

In October, a government source stated that the Egyptian government considers offering foreign currency-denominated bonds worth $20 billion until 20220.