Egypt to launch foreign currency bond offering in first quarter of 2019

Finance Minister Mohamed Maait made the statement. (File/AFP)
Updated 30 January 2019
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Egypt to launch foreign currency bond offering in first quarter of 2019

  • The finance ministry said it was planning to issue a number of dollar-denominated and euro-denominated bonds
  • Green bonds will also be issued

CAIRO: Egypt plans to start its foreign currency bond issue offering in the first quarter of 2019, between February and March, to collect $3-7 billion, Finance Minister Mohamed Maait told Reuters on Wednesday.
The finance ministry said on Monday it was planning to issue a number of dollar-denominated and euro-denominated bonds by the end of this fiscal year in June, and green bonds after that.