Cairo – Mubasher: Egypt’s Ministry of Finance (MOF) is planning to launch a bid next month for selecting arrangers of the anticipated Eurobond issue, a government source said.
Asian banks will be considered among the bonds sale arrangers, Enterprise reported, citing the source.
Moreover, the source indicated that the ministry is currently in talks with the main institutions on pricing Egyptian bonds to determine the future of interest rates after the new hike the US Federal intends to approve and its impact on Egypt’s future bond sales in the global debt market.
Earlier this month, finance minister Mohamed Maait stated that Egypt was planning to issue at least two foreign currency-denominated bonds in the first quarter of 2019.
In October, a government source said that the North African country was looking to issue Eurobonds worth $20 billion until 2022.
