Government plans on issuing USD 2 bn in sukuk in 2025 through multiple offerings, Kouchouk says
The banks involved in the issuance are the same ones that managed our maiden sukuk issuance in February 2023
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The banks involved in the issuance are the same ones that managed our maiden sukuk issuance in February 2023
The offering is part of a broader plan to cut debt costs and attract new investors
The issuance introduces four tranches with tenors ranging from 13 to 81 months.
The move comes amid an uptick in interest in treasury bills and bonds
Foreign investors bought over USD 2 bn in government debt instruments last week
The issuance is the fourth in a wider EGP 16.0 bn program
Egypt’s external obligations are estimated to be around USD 55 bn between 2025 and the end of 2026
PLUS- Attijariwafa Bank Egypt secured USD 20 mn from the IFC
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