Tuesday 05, December 2017 by Matthew Amlôt
Egypt Finance Minister says international bond sale on track for Q1 2018
Amr El-Garhy, Egypt’s Finance Minister, said the Egyptian government will seek proposals from banks to arrange its planned international bond sale, which is on track to be completed in the first quarter of 2018.
Speaking exclusively to Bloomberg TV, he said on the tenure of the country’s bond, “We’ll go for a shorter period of time, five to ten years, for the euro. For the dollars, we’ll go five, ten and thirty, but we might have a new tenure in order to deepen our yield curve.”