EFSA hopes to begin issuing short-term debt instruments in Egypt this year

EFSA hopes to green-light the issuance of short-term debt instruments this year: The Egyptian Financial Supervisory Authority (EFSA) is planning to being allowing companies to issue short-term bonds before the end of 2017 for the first time, authority chief Sherif Samy said on Thursday, according to Al Mal. The move, which EFSA is working on with the European Bank for Reconstruction and Development, would facilitate financing of SMEs, particularly those whose products and services are seasonal, Samy had said earlier this month.