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Egypt's finance ministry seeks approval of two Eurobond issuances -sources
September 17, 2017 / 10:47 AM / 3 months ago

Egypt's finance ministry seeks approval of two Eurobond issuances -sources

CAIRO, Sept 17 (Reuters) - Egypt’s finance ministry has asked the cabinet to approve two new eurobond issuances, two ministry sources told Reuters.

The first issuance would range between 1-2 billion Euros before the end of 2017. The second would range from $4-8 billion and would be in 2018.

The sources said the finance ministry is looking to diversify its bond portfolio to attract different types of investors. (Reporting by Abdelrahman Adel; Writing by Nadine Awadalla; Editing by Eric Knecht)

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