{"id":621400,"date":"2018-11-07T04:19:52","date_gmt":"2018-11-07T04:19:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/07\/egypt-to-issue-green-bonds-next-fiscal-year\/"},"modified":"2018-11-07T04:19:52","modified_gmt":"2018-11-07T04:19:52","slug":"egypt-to-issue-green-bonds-next-fiscal-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/07\/egypt-to-issue-green-bonds-next-fiscal-year\/","title":{"rendered":"Egypt to issue green bonds next fiscal year?"},"content":{"rendered":"

<\/a> EXCLUSIVE- Gov\u2019t aims to issue green bonds next fiscal year: <\/strong>The Madbouly government is considering its maiden green bond issuance in the coming fiscal year as part of its plan to diversify its base of funding under its still-emerging debt control strategy, a senior government official told Enterprise. Green bonds could make their debut next to other new-to-Egypt instruments including sovereign sukuks, a form of Islamic bond, the official noted, saying the policy framework for green bonds is still on the drafting table.<\/p>\n

What\u2019s a green bond? <\/strong>Effectively, a lower-yield form of bond that finances \u201cclimate-smart\u201d projects including renewable energy and energy-efficiency projects in emerging markets. The International Finance Corporation and the Financial Regulatory Authority have been discussing<\/a> since June what guidelines for Egyptian green bonds might look like. You can read more about green bonds here courtesy the IFC<\/a>, which notes that more than USD 155 bn has been raised via green bonds globally.<\/p>\n

Green bonds have not been performing well this year: <\/strong>Green bonds sales fell 18% y-o-y in 3Q2018 amid a decline of interest in the environmental finance market, the Financial Times reports<\/a>. Issuers sold USD 31.6 bn in 3Q2018 down from USD 38.5 bn in the same period last year. Moody\u2019s had originally forecast that total green bond sales this year would hit USD 250 bn, a considerable increase from last year\u2019s record USD 163 bn total. Moody\u2019s then revised that prediction down to USD 175-200 bn after sales slowed in 2Q2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Gov\u2019t aims to issue green bonds next fiscal year: The Madbouly government is considering its maiden green bond issuance in the coming fiscal year as part of its plan to diversify its base of funding under its still-emerging debt control strategy, a senior government official told Enterprise. Green bonds could make their debut next […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[7106,72,276,224,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621400","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-debt","tag-enterpriseam","tag-finance-ministry","tag-green-bonds","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"07d12503-350b-440f-bf46-73cf502edb03","order":"0","is_powered_by":true,"section_story_id":"4c0971e4-3152-4804-bea2-c5c9836ae111","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621388],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to issue green bonds next fiscal year? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/07\/egypt-to-issue-green-bonds-next-fiscal-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to issue green bonds next fiscal year?\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Gov\u2019t aims to issue green bonds next fiscal year: The Madbouly government is considering its maiden green bond issuance in the coming fiscal year as part of its plan to diversify its base of funding under its still-emerging debt control strategy, a senior government official told Enterprise. 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Maait stopped short of offering guidance on timing, but had said in July that the USD 500 mn offering was in \u201cadvanced\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/294.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569371,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/23\/finmin-taps-four-banks-to-manage-egypts-first-sovereign-green-bond-issuance\/","url_meta":{"origin":621400,"position":1},"title":"FinMin taps four banks to manage Egypt\u2019s first sovereign green bond issuance","author":"enterpriseam admin","date":"23 February 2020","format":false,"excerpt":"FinMin taps four banks to manage Egypt\u2019s first sovereign green bond issuance: The Finance Ministry has tapped Credit Agricole, Citibank, Deutsche Bank, and HSBC to market the first sovereign green bond issuance in Egypt and the MENA region, an official ministry statement said. The ministry had received 17 offers for\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/281.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591555,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/egypt-plans-three-bond-issuances-before-the-end-of-the-fiscal-year-maait\/","url_meta":{"origin":621400,"position":2},"title":"Egypt plans three bond issuances before the end of the fiscal year -Maait","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"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.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589291,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/25\/aiib-is-a-potential-guarantor-for-our-next-green-bonds-sale\/","url_meta":{"origin":621400,"position":3},"title":"AIIB is a potential guarantor for our next green bonds sale","author":"enterpriseam admin","date":"25 June 2023","format":false,"excerpt":"This would be AIIB\u2019s first guarantee of a country\u2019s green bonds issuance","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1206.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596162,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/20\/egypt-to-issue-callable-bonds-amid-expectations-of-interest-rate-cuts\/","url_meta":{"origin":621400,"position":4},"title":"Egypt to issue callable bonds amid expectations of interest rate cuts","author":"enterpriseam admin","date":"20 August 2019","format":false,"excerpt":"EXCLUSIVE- FinMin looking to issue callable bonds amid expectations of interest rate cuts: The Finance Ministry has begun amending its plans for its upcoming bond issuances to include the sale of callable local bonds as a means of hedging against fluctuating interest rates, two government sources tell Enterprise. The ministry\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567238,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/egypt-is-pressing-pause-on-usd-denominated-eurobond-issuances-for-the-remainder-of-fy2019-2020\/","url_meta":{"origin":621400,"position":5},"title":"Egypt is pressing pause on USD-denominated eurobond issuances for the remainder of FY2019-2020","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"EXCLUSIVE- The government is pressing pause on USD-denominated eurobond issuances for the remainder of the current fiscal year and will instead rely on a diverse set of debt instruments during the coming period, Finance Minister Mohamed Maait told Enterprise. 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