Egypt plans three bond issuances before the end of the fiscal year -Maait

The Finance Ministry is considering tapping bond markets three more times before the end of the current fiscal year, Finance Minister Mohamed Maait said yesterday, according to the local press. The offerings could be made up of sukuk, green bonds and variable-rate bonds, he said, without disclosing a target figure. The minister said in September that the government plans to issue USD 3-7 bn in international bonds during the current fiscal year, USD 2 bn of which was sold to investors in a eurobond issuance in November. A government official told Enterprise earlier this year that the ministry could offer up to USD 1.5 bn in sukuk in early 2020.