EXCLUSIVE- The Finance Ministry is currently in talks with Asian central banks for sovereign guarantees to issue eurobonds to ensure lower interest rates, a senior government official told Enterprise. Egypt is looking to issue Yen- and Yuan-denominated treasury bonds in the coming fiscal year, the official said. The government aims to issue eurobonds worth at least USD 4-5 bn in Asia within the coming three years amid plans to focus on long-term issuances to restructure its debt strategy. The official also confirmed local reports that a EUR-denominated issuance should be expected this month. Finance Minister Mohamed Maait had said in January that the ministry is looking to offer up to USD 7 bn in FX bonds in 1Q2019, and more USD- and EUR-denominated bonds by the end of 2Q2019.

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