Last Update 21:10
Thursday, 23 November 2017

Egypt to issue Eurobond by end of May: minister

Aiming to raise $2bn to help reduce the state budget deficit, Egypt's government will issue international bonds starting at the end of next month

Ahram Online , Sunday 19 Apr 2015
 Hani Qadri
Minister of Finance Hani Qadri (Photo: Al-Ahram)
Share/Bookmark
Views: 1065
Share/Bookmark
Views: 1065

Egypt plans on issuing international bonds by the end of May, Minister of Finance Hany Qadri announced Sunday during a meeting with investors.

In February, the finance ministry said it could raise as much as $2 billion through a Eurobond in 2015 as a means to fill the financial gap in the state budget.

Egypt's state deficit is projected to reach 11 percent in the fiscal year 2014/15, and is to be financed through local debt and petroleum shipments from the United Arab Emirates in addition to the international bonds.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.