Cairo – Mubasher: Egypt is looking to issue at least two foreign currency-denominated bonds in the first quarter of 2019, the finance minister said on Monday.
Two or more bond sales could take place in Q1-19, Reuters reported, citing Mohamed Maait.
In October, a government source revealed that Egypt plans to issue Eurobonds worth $20 billion until 2022.
In September, finance minister Mohamed Maait called for reviving this plan, revealing that the ministry was seeking to issue renminbi-denominated bonds and yen-denominated bonds.
The Arab world’s most populous country was also considering the possibility to issue Japanese Yen and Chinese Yuan-denominated bonds ranging between $4-7 billion, a government sources previously told Enterprise.
