Cairo – Egypt: Egypt plans to offer $3 billion to $4 billion in dollar-denominated bonds in the fiscal year 2018/2019, Deputy Minister of Finance (MoF) Ahmed Kouchouk stated on Sunday.
The decline in the interest rates and the high demand for Egyptian debt instruments will allow for issuing further local debt notes, Kouchouk told Reuters.
Early in January, the North African nation sold $4 billion Eurobonds.
Egypt’s external debt surged 2.3%, or $1.8 billion, in the first quarter of FY17/18.
