Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) announced that its board of directors approved the exemption of issuers of green bonds from 50% of service fees.
Accordingly, fees levied on issuers of green bonds will be reduced to 0.05% for the public offering and 0.025% for the private offering, the FRA’s chairman Mohamed Omran said in a statement on Tuesday.
Green bonds are used by governments and companies to raise funds for environmentally-friendly projects.
