Egypt will be issuing USD 6-7 bn in USD-denominated eurobonds in FY2018-19, said Finance Minister Amr El Garhy on Wednesday, Reuters reports. El Garhy reportedly said the issuance might take place at the end of 2018 or early 2019, according to Al Mal. Assistant Finance Minister for Capital Market Operations Khaled Abdel Rahman had said on Tuesday that Egypt will not be issuing any more eurobonds this year after Monday’s successful USD 2.46 bn EUR-denominated issuance of eight- and twelve-year notes at yields of 4.75% and 5.63%, respectively. El Garhy noted that inflows in Egypt’s foreign-denominated bonds had to date surpassed USD 20 bn, according to Al Masry Al Youm.

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