Egypt plans roadshow for international bond issuance

Cairo – Mubasher: Egypt plans to begin a roadshow for international bond issuance worth $2 billion by the third or the fourth quarter of November, said Finance Minister Amr El Garhy.

"We’re talking about $2 billion, give or take, but it will be in this range, depending on market circumstances," added Garhy on television interview.

Last June, El-Garhy said that “we are studying a bond issuance of $3 billion in order to fill part of the budget's financing gap, which is expected to reach $10 billion".

Mubasher Contribution Time: 25-Oct-2016 06:25 (GMT)
Mubasher Last Update Time: 25-Oct-2016 06:25 (GMT)