Skip to content
Subscriber Only

Egypt to Approach Banks Soon for Bond Sale of Up to $7 Billion

  • Request for proposal is being prepared, deputy minister says
  • Issuing may include Egypt’s first Panda, Samurai bonds: Maait
Economy At Egyptian Tourist Sites As Nation's Economic Recovery Delayed

Photographer: Shawn Baldwin/Bloomberg

Updated on

Egypt will approach investment banks “very soon” to advise on a plan to raise between $3 billion and $7 billion from international debt markets by June, a Finance Ministry official said.

The so-called request for proposal is being prepared and will be sent to banks imminently, Deputy Minister of Finance Khaled Abd Elrahman said Monday in an interview in Cairo. He didn’t give more specifics on the timeline.