The Finance Ministry reportedly plans to sell USD 7 bn-worth of EUR- and USD-denominated eurobonds in 1H2021, Asharq Bloomberg suggests. The story, which cites unnamed sources, suggests the ministry has already approached international investment banks to advise on the potential sales. Finance Minister Mohamed Maait had told Bloomberg last week that the government could issue new eurobonds on the international market in the first half of 2021.

In an effort to diversify its debtportfolio, the government is also considering floating-rate sovereign bonds, and is expected to take its first sovereign sukuk issuance next year after a draft law gets final approval next year. The government also took its first sovereign green bond issuance to market earlier this year.

Tags: