The National Bank of Egypt (NBE) is postponing a plan to issue USD-denominated bonds on the international market. The state-owned bank had originally said it would move ahead with the issuance after the government’s eurobond closed. Al Mal cites an unnamed government official as saying the bank no longer has need of the capital injection and thinks 2H2017 would be a better time to go to the market. The bank will rely on bilateral agreements to strengthen its foreign currency liquidity in the meantime.

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