Cairo – Mubasher: Total foreign holdings of Egypt’s debt instruments fell to $14 billion at the end of September, the deputy finance minister said.
The government seeks to control debt by diversifying sources of finance through new markets, such as the current bond roadshow in the Asian markets, Ahmed Kojak told Enterprises on the sidelines of EFG Hermes conference.
The finance ministry will focus on issuing long-term bonds as of this year, he noted.
It is worth noting that the ministry had to cancel all the bond sale auctions in September due to the hike in requested yields.
