Cairo – Mubasher: Egypt will appoint four to five international banks to manage the issuance of its anticipated US dollar-denominated Eurobond, Egypt’s finance minister Amr El-Garhy told Reuters on Tuesday.
The dollar-denominated Eurobonds will worth $3 billion to $4 billion, and are set to be issued in January 2018.
Almost 22 banks have submitted requests to arrange the latest Eurobond issuance, El-Garhy added.
“Egypt will conduct a short roadshow to promote the Eurobonds issuance in January,” he continued.
The minister last said that Egypt would issue US dollar-denominated bonds worth $3 billion to $4 billion by the end of January 2018, as the Eurobond roadshow would start within the second half of January at a number of European and American markets, as well as other suggested Asian markets.
The minister previously announced that Egypt is currently working on preparing an $8 billion international bond programme in coordination with different global stock markets.
Egypt has succeeded in issuing US dollar-denominated bonds worth $7 billion during the first half of 2017.
