The African Finance Corporation (AFC) intends to support Egypt’s next large international bonds issuance, whether by strengthening its credit position or by investing in bonds
Maait added that “a study to issue bonds in Gulf currencies during the coming period [is needed], but this requires coordination with advisors and lawyers, and the matter is not easy.”
Egypt is looking to further diversify and aims to issue additional green, sustainable, and low-cost financing packages to provide financing for state projects to improve citizen's lives
Minister of Finance, Mohamed Maait confirmed that the Ministry was able to obtain low pricing for bonds with a return of 3.5% annually for a period of 3 years
The bank group’s partial credit guarantee will allow Egypt to raise the equivalent of $500 million in the Panda Bond market
