By: Ahmed Allam
Cairo – Mubasher: Egypt’s ministry of finance will set the date for the promotion of international bonds Egypt next week, Ahmed Kojak, deputy finance minister for monetary policy, told Mubasher on Wednesday.
Kojak said that the ministry is currently in talks with global investment banks to choose the most appropriate timing foe issuing the international bonds in the global markets, in accordance with developments in the capital markets.
The finance ministry earlier selected four international investment banks, French bank Natixis, Citibank, JP Morgan and BNP Paribas, to issue dollar-denominated Eurobonds worth about $2.5 billion to $3billion in the global bond market.
Translated by: Elwy el-Manzalawy
