February 10, 2019 / 4:20 PM / 3 months ago

Egypt issues $4 bln in foreign currency bonds - finance ministry

CAIRO, Feb 20 (Reuters) - Egypt has issued $4 billion in foreign currency bonds and the sale was oversubscribed fivefold, attracting $21.5 billion in bids, the Finance Ministry said on Wednesday.

The issue included $750 million in five-year bonds, $1.75 billion in 10-year bonds and 1.5 billion in 30-year bonds, and the proceeds will be used to finance the state budget, the ministry said.

Reporting by Ehab Farouk Writing by Aidan Lewis Editing by Raissa Kasolowsky

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