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Egypt’s FRA exempts green bond issuers from 50% of service fees

Egypt’s FRA exempts green bond issuers from 50% of service fees
Green bonds are used to raise funds for eco-friendly projects

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) announced that its board of directors approved the exemption of issuers of green bonds from 50% of service fees.

Accordingly, fees levied on issuers of green bonds will be reduced to 0.05% for the public offering and 0.025% for the private offering, the FRA’s chairman Mohamed Omran said in a statement on Tuesday.

Green bonds are used by governments and companies to raise funds for environmentally-friendly projects.