Cairo – Mubasher: Egypt is currently considering only European banks to manage and promote its coming Euro bonds deal, according to Reuters.
Two ministry sources told Reuters last month that the Egyptian government is anticipated to issue Euro-denominated bonds at EUR 1 billion and EUR 2 billion before the end of 2017
In September, the Egyptian minister of finance Amr El-Garhy said that Egypt is planning to issue Euro-denominated bonds at EUR 1.5 billion, and the offering of these bonds may be launched in November 2017.
El-Garhy had previously announced that Egypt is currently working on the preparation of an $8 billion foreign bonds programme, in coordination with global stock markets.
