DEBT WATCH- Market regulator expected to approve TMG’s planned EGP 2 bn corporate sukuk issuance this week: The Financial Regulatory Authority (FRA) is expected to approve this week Talaat Moustafa Group’s (TMG) planned EGP 2 bn corporate sukuk issuance, the head of the FRA’s central administration for finance department tells Hapi Journal. TMG announced plans earlier this year to launch a three-year EGP 4.5-5 bn sukuk program in April to finance the company’s real estate leasing projects. EFG Hermes is reportedly on board to lead the initial EGP 1 bn issuance after securing an FRA license.

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