Egypt Targets to Raise $6 Bln from Global Bonds In 2017Source: www.export-egypt.com 11/23/2016, Location: Africa |
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 Egypt will offer the bond issuance by mid-January, seeking to collect $6 billion in 2017, said Egyptian Minister of Finance Amr El-Garhy in an interview with Bloomberg published.
“We were planning to do it by the end of November, but there has been volatility since the election in the United States…The window is closing because by the second week of December the markets will be very quiet. So it’s either this or maybe by mid-January.” he said. “The growth comes beyond our expectation especially it comes following the floatation of the currency…the central bank and bank sectors are doing very well,” he said in his interview. |
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