Economics

Egypt Sells $5 Billion Eurobond in Its Largest-Ever Issuance

Country priced dollar-denominated bonds due 2024, 2032, 2050
Egypt secured additional funding from IMF in recent weeks

People and vehicles crowd the market of Al Ataba in Cairo, on May 18.
Photographer: picture alliance/picture alliance

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Mirette Magdy

May 21, 2020 at 11:33 AM UTC

Updated on

May 22, 2020 at 10:47 AM UTC

This article is for subscribers only.

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

Egypt raised $5 billion in its largest-ever issuance in international bond markets, marking the extent of investors’ risk appetite in a recovery from the coronavirus crisis.