Egypt Seeks New Debt Investors With Euroclear, Asian Foray
- Finance minister says non-deal bond roadshow to Asia planned
- In talks with Euroclear to settle domestic debt transactions
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Egypt is in talks with Belgium-based Euroclear to settle its domestic debt transactions and will embark on a non-deal bond roadshow through Asia this year, part of a drive to attract more overseas investors and reduce borrowing costs.
“We are in continuous talks with Euroclear and we are trying to finalize this issue as soon as possible,” Finance Minister Mohamed Maait said in an interview. “This step is very useful for the country; it is expected to attract more international investors to the Egyptian debt market.”