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Egypt Prepares to Issue Region’s First Green Sovereign Bond

Egypt is preparing to sell its first-ever green bond as the North African country looks to diversify its sources of financing and investors.

The issuance would be the first of its kind by a sovereign in the region, the Finance Ministry said Sunday in a statement. It mentioned a portfolio of Egyptian green projects worth $1.9 billion, including pollution reduction, renewable energy, clean transportation and sustainable water management.