Cairo – Mubasher: Egypt has no intention to issue more Eurobonds bonds during fiscal year 2020/2021, the Minister of Finance, Mohamed Maait, told Al Arabiya on Tuesday.
On Monday, Egypt sold $3.75 billion in Eurobonds to finance a part of its budget deficit after receiving $16.5 billion in orders.
The issuance included the sale of $750 million in five-year bonds at 3.875%, $1.5 billion in 10-year bonds at 5.875%, and $1.5 billion in 40-year notes at 7.5%.
Low global interest rates on long-term notes have prompted the country to tap the international debt market to extend the maturity of public debt, Maait pointed out.
