x

Egypt to issue foreign-currency bond : Finance Minister

Egypt Finance Minister, Mohamed Maait on Wednesday said there are plans to offer foreign-currency bonds in early 2019 to raise between $3 billion to $7 billion, its, .

The offering will take place in February or March.

Egypt plans to issue a number of dollar-denominated and euro-denominated bonds by the end of this fiscal year in June, the finance ministry said on Monday.

Another offering of green bonds as well as international bonds in an unspecified Asian currency will be offered after that, it said.

JP Morgan, HSBC and Citigroup will manage the dollar-denominated issue, the ministry said.

BNP Paribas, Natixis, Alex Bank and Standard Chartered will manage the euro-denominated issue.

Egypt raised 2 billion euros ($2.29 billion) from its eurobond sale in April last year.

Hot this week

AI firm raises $30,000 from Pre-Seed Funding in Nigeria,UK

By Ogenyi Ogenyi,UyoA Nigerian artificial intelligence startup, building automation...

Kano High Court Sentences Woman to Seven Years for N5.6m Fraud

By Francis WilfredThe Kano State High Court has...

INEC blames unpopular candidates by parties for voter apathy

By Ogenyi Ogenyi, UyoChairman of the Independent National Electoral...

Abuja Leadership Centre Seeks Collaboration With Defence Ministry

The Abuja Leadership Centre (ALC) at Yakubu Gowon University,...

2027: I Have No Anointed Candidates, Says Kaduna Gov Uba Sani

Governor Uba Sani of Kaduna State says he has...

China, Nigeria Celebrate Lantern Festival, Renew Push for Women’s Empowerment

China and Nigeria have renewed their resolve to deepen...

EFCC Arraigns Two Bankers Over Alleged $306,667 and €50,250 Fraud in Lagos

By Francis WilfredThe Economic and Financial Crimes Commission...

Court Adjourns in Yahaya Bello Trial to Rule on Property Documents

By Francis WilfredThe Federal High Court in Abuja...

Unfulfilled Political Promises Must End, Wike Tells Bwari Residents

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike has...

NOA, NAFDAC,FCCPC Flag- Off Joint Campaign Against Sachet Alcoholic Drinks

By Joyce Remi- BabayejuIn a collaborative effort, the National...

Related Articles

Popular Categories

spot_imgspot_img