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

Area Council Elections: Mahmoud Predicts APC Victory

By Joyce Remi-BabayejuAs the Area Council elections draw closer,...

Bayelsa Media Network Awards Honour Ogoun, Theophilus Moses, Sokari at 7th Edition Ceremony

The Bayelsa Media Network Awards (BMNA) on Friday celebrated...

China, Tanzania Reaffirm Strategic Partnership, Pledge Deeper Cooperation

China and Tanzania have restated their commitment to a...

BREAKING: Chelsea appoint Liam Rosenior as new head coach

Chelsea Football Club have confirmed the appointment of Liam...

Tax Reforms Act: Civil Society Groups Name Speaker Tajudeen Abbas as Man of the Year

***Commend House of Reps for Leading Transparency in GovernanceThree...

Umahi Hopes CHEC to Complete Road Project Ahead of Schedule

By Francis WilfredThe Minister of Works, Engr. Dave Umahi,...

Group Blames Fubara for Renewed Political Crisis in Rivers

A pro-democracy and accountability organisation, the National Vanguard for...

AFRICA AS THE CENTERPIECE OF CHINA’S FOREIGN POLICY AND DIPLOMATIC ENGAGEMENT

By Prof Sheriff Ghali IbrahimIt is a diplomatic mantra...

Agatu Security Crisis: Council Chairman Orders Armed Herders to Vacate Benue LGA

By Israel Adamu, JosThe Agatu security crisis has deepened...

China, Tanzania Reaffirm Strategic Partnership, Pledge Deeper Cooperation

China and Tanzania have restated their commitment to a...

Related Articles

Popular Categories

spot_imgspot_img