By Ahmed Allam
Cairo – Mubasher: Egypt's Minister of Finance Amr El-Garhy said Monday that the ministry plans to issue international bonds worth $5-6 billion on two tranches.
The two tranches are expected to be released by next January and the end of 2017, El-Garhy added on the sidelines of CEOs' conference held in Cairo on Monday.
The government can achieve the pre-revolution rate, which is $10-11 billion foreign investments in state treasury bills and bonds, the minister highlighted, setting no time frame for hitting these figures.
On 9 November, the ministry issued $4 billion international bonds on the Irish bourse through a private placement for the Central Bank of Egypt (CBE).
