{"id":625115,"date":"2018-09-27T04:19:15","date_gmt":"2018-09-27T04:19:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/dont-expect-samurai-or-panda-bonds-until-2019\/"},"modified":"2018-09-27T04:19:15","modified_gmt":"2018-09-27T04:19:15","slug":"dont-expect-samurai-or-panda-bonds-until-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/dont-expect-samurai-or-panda-bonds-until-2019\/","title":{"rendered":"Don\u2019t expect samurai or panda bonds until 2019"},"content":{"rendered":"

<\/a> **#2<\/strong> EXCLUSIVE- Don\u2019t expect samurai or panda bonds until 2019: <\/strong>Egypt is unlikely to issue JPY- or CNY-denominated bonds (called \u201csamurai\u201d and \u201cpanda\u201d bonds in the trade) this fiscal year, a senior government source told Enterprise. The source said that the procedures for the issuance won\u2019t be completed before next June, saying that Egypt has yet to receive the blessings from the central banks of Japan and China.<\/p>\n

The focus for the moment is on an USD 5 bn eurobond issuance<\/strong> that could go to market in the coming months, our source said.<\/p>\n

Asian roadshow to tap new pools of liquidity ahead of bond offerings: <\/strong>\u201cThe week after next, we will start promotional tours in the Asian markets, then Europe in preparation for issuing Eurobonds bonds,\u201d Finance Minister Mohamed Maait said on Tuesday<\/a>. While he did not specify when they would issue the bonds, Maait had previously<\/a> put the window at some time between January and March 2019. Bloomberg also reported on the non-deal roadshow<\/a> to drum up interest for upcoming offerings and said Egypt is in talks with Euroclear to make it easier for foreign investors to access EGP-denominated debt.<\/p>\n

Egypt to issue sukuks next fiscal year:<\/strong> The government is planning to issue USD 1-2 bn in sukuks next fiscal year, the source added. The issuance will take place next year as there is currently no legislative framework that allows for it, we were told, and that legislation won\u2019t be in place to allow an offering before the start of the FY2019-20. Egypt is one of 18 African countries that significant untapped potential in the sukuk market, Moody\u2019s recently said<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

**#2 EXCLUSIVE- Don\u2019t expect samurai or panda bonds until 2019: Egypt is unlikely to issue JPY- or CNY-denominated bonds (called \u201csamurai\u201d and \u201cpanda\u201d bonds in the trade) this fiscal year, a senior government source told Enterprise. The source said that the procedures for the issuance won\u2019t be completed before next June, saying that Egypt has […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625115","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c40e1a05-4da9-4cb3-9a71-b7dfce318ab4","order":"0","is_powered_by":true,"section_story_id":"9d31a5ab-7c3a-48f0-946d-b14286fe9ffe","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625107],"teaser":"","voice_url":""},"yoast_head":"\nDon\u2019t expect samurai or panda bonds until 2019 - 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\/09\/27\/dont-expect-samurai-or-panda-bonds-until-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Don\u2019t expect samurai or panda bonds until 2019\" \/>\n<meta property=\"og:description\" content=\"**#2 EXCLUSIVE- Don\u2019t expect samurai or panda bonds until 2019: Egypt is unlikely to issue JPY- or CNY-denominated bonds (called \u201csamurai\u201d and \u201cpanda\u201d bonds in the trade) this fiscal year, a senior government source told Enterprise. 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The issuance would join Yuan-denominated (insensitively called \u201cPanda\u201d) bonds and Yen-denominated \u201cSamurai\u201d (Samurais are cool) bonds as possible options for an Asian\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599417,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/egypt-targets-1q2020-samurai-panda-bond-issuances\/","url_meta":{"origin":625115,"position":1},"title":"Egypt targets 1Q2020 Samurai, Panda bond issuances","author":"enterpriseam admin","date":"27 June 2019","format":false,"excerpt":"EXCLUSIVE- Egypt may offer Samurai and Panda bonds in 1Q2020: The Finance Ministry is aiming to secure approvals from Asian central banks by November to issue Panda and Samurai bonds in 1Q2020, two sources told Enterprise. The procedures may take up to two months, after which the government will hire\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":668345,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/14\/fresh-panda-samurai-green-bond-issuances-on-the-way\/","url_meta":{"origin":625115,"position":2},"title":"Fresh Panda + Samurai green bond issuances on the way","author":"enterpriseam admin","date":"14 July 2025","format":false,"excerpt":"Egypt is still seeking to rejoin the JPMorgan bond index","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\/2025\/7\/804.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544837,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/23\/samurai-bonds-coming-on-thursday\/","url_meta":{"origin":625115,"position":3},"title":"Samurai bonds coming on Thursday","author":"enterpriseam admin","date":"23 March 2022","format":false,"excerpt":"Our inaugural Samurai bond issuance is back on: The Finance Ministry plans to sell USD 500 mn in JPY-denominated Samurai bonds in Japan on Thursday, Mohamed Hegazy, head of the ministry\u2019s debt unit, told Enterprise yesterday. 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