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Egypt mulls 3 green, Islamic bond offerings in FY19/20

Egypt mulls 3 green, Islamic bond offerings in FY19/20
Central Bank of Egypt

Cairo – Mubasher: Egypt is mulling the issuance of three bond offerings during fiscal year 2019/2020, Reuters reported on Monday, citing the finance minister Mohamed Maait as saying.

The potential issuance include green, variable-yield, and Islamic bonds, Maait added during a press conference.

From September to December, the Egyptian government bond market witnessed a net outflow of $12 billion amid the emerging market crisis.

However, an inflow of $8-9 billion was followed within 2-3 months, he noted.

It is noteworthy that on Monday, the Central Bank of Egypt (CBE) will issue $1 billion treasury bills (T-bills).