Cairo – Mubasher: Egypt has successfully issued EUR 2 billion international bonds, the Ministry of Finance (MoF) said on Friday.

The bonds issued in two tranches, the first of which amounts to EUR 750 million and will mature on 11 April 2025.

The second EUR 1.25 billion will mature on 11 April 2031, the MoF added.

A group of four European banks arranged the issue, including Banca IMI, BNP Paribas, Natixis and Standard Chartered Bank.

The ministry also announced that the issue was oversubscribed by four times.