Egypt will issue its second euro-denominated bonds worth EUR 1 billion to EUR 1.5 billion next week, a government official said.
The Eurobond sale is likely to attract a large number of investors on the back of this week’s positive Eurobond performance, the source told Enterprise.
The government plans to issue green bonds, as well as bonds in Asian currencies over the coming period, the official said without giving any further details on the issuance date or its value.
On Wednesday, the finance minister stated that Egypt was looking to issue new Eurobonds in different foreign currencies other than the dollar prior to the end of next June.
Moreover, the Egyptian Ministry of Finance (MoF) announced the issuance of Eurobonds worth $4 billion with maturities of five years, 10 years, and 30 years at a yield of 6.2%, 7.6%, and 8.7%, respectively, to finance the state’s general budget.