{"id":625398,"date":"2018-08-05T04:14:17","date_gmt":"2018-08-05T04:14:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/finmin-will-study-fate-of-fx-bond-issuance-in-two-months\/"},"modified":"2018-08-05T04:14:17","modified_gmt":"2018-08-05T04:14:17","slug":"finmin-will-study-fate-of-fx-bond-issuance-in-two-months","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/finmin-will-study-fate-of-fx-bond-issuance-in-two-months\/","title":{"rendered":"FinMin will study fate of FX bond issuance in two months"},"content":{"rendered":"

<\/a> EXCLUSIVE- FinMin won\u2019t consider FX bond issuance until fall: <\/strong>The Finance Ministry will not begin considering a foreign currency-denominated bond issuance for another two months, Finance Minister Mohamed Maait told Enterprise. The ministry will begin deliberations then on whether to hold a bond issuance or hold off on the decision and seek other alternative financing, he added. Market conditions at the time will be an important factor in the decision, he suggested.<\/p>\n

Thank the EM zombie apocalypse: <\/strong>Maait attributed the move to the turbulent market conditions facing emerging markets lately, including rising US interest rates and the trade war between the US and China. He noted, however, that while portfolio outflows resulting from the EM selloff reached USD 3-4 bn, Egypt is doing much better than its other EM counterparts, thanks largely to the economic reform program and the CBE\u2019s monetary and FX policies.<\/p>\n

These \u201cchallenging market conditions\u201d had been the primary motive behind Egypt\u2019s tweaking of its funding mix by<\/strong> relying on longer-term facilities from international finance institutions. Maait had told us last month<\/a> that the ministry is looking for tenors of up to 30 years with interest rates of 1-2%.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- FinMin won\u2019t consider FX bond issuance until fall: The Finance Ministry will not begin considering a foreign currency-denominated bond issuance for another two months, Finance Minister Mohamed Maait told Enterprise. The ministry will begin deliberations then on whether to hold a bond issuance or hold off on the decision and seek other alternative financing, […]<\/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-625398","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dcbd2be8-aaec-4e56-9923-7bff5b74afdd","order":"0","is_powered_by":true,"section_story_id":"29c7745c-3902-4022-a16f-86fd636c1a28","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625392],"teaser":"","voice_url":""},"yoast_head":"\nFinMin will study fate of FX bond issuance in two months - 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\/08\/05\/finmin-will-study-fate-of-fx-bond-issuance-in-two-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin will study fate of FX bond issuance in two months\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- FinMin won\u2019t consider FX bond issuance until fall: The Finance Ministry will not begin considering a foreign currency-denominated bond issuance for another two months, Finance Minister Mohamed Maait told Enterprise. The ministry will begin deliberations then on whether to hold a bond issuance or hold off on the decision and seek other alternative financing, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/finmin-will-study-fate-of-fx-bond-issuance-in-two-months\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-05T04:14:17+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/finmin-will-study-fate-of-fx-bond-issuance-in-two-months\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/finmin-will-study-fate-of-fx-bond-issuance-in-two-months\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FinMin will study fate of FX bond issuance in two months\",\"datePublished\":\"2018-08-05T04:14:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/finmin-will-study-fate-of-fx-bond-issuance-in-two-months\/\"},\"wordCount\":205,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/finmin-will-study-fate-of-fx-bond-issuance-in-two-months\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/finmin-will-study-fate-of-fx-bond-issuance-in-two-months\/\",\"name\":\"FinMin will study fate of FX bond issuance in two months - 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The Finance Ministry had earlier suggested it\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":611301,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/05\/finmin-looks-to-india-for-potential-bond-offering-could-tap-up-to-usd-1-bn-in-separate-sustainability-bonds-next-year\/","url_meta":{"origin":625398,"position":1},"title":"FinMin looks to India for potential bond offering, could tap up to USD 1 bn in separate \u201csustainability bonds\u201d next year","author":"enterpriseam admin","date":"5 December 2023","format":false,"excerpt":"Egypt has been shut out of Western capital markets, forcing it to turn to to more unconventional sources of finance","rel":"","context":"In \"Bonds\"","block_context":{"text":"Bonds","link":"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/176.JPG?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622956,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/finmin-looking-at-regulatory-changes-to-allow-sovereign-sukuk-issuances-eyes-2019-for-maiden-issuance\/","url_meta":{"origin":625398,"position":2},"title":"FinMin looking at regulatory changes to allow sovereign sukuk issuances; eyes 2019 for maiden issuance","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"** #4 \u2013 EXCLUSIVE- FinMin looking at regulatory changes to allow sovereign sukuk issuances; eyes 2019 for maiden issuance: The Finance Ministry plans to introduce legislative amendments that could pave the way for the issuance of a sovereign sukuk offering as early as 2019, a senior government official tells us.\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":587443,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/finmin-to-take-usd-500-mn-panda-bond-issuance-to-market-in-3q-2023\/","url_meta":{"origin":625398,"position":3},"title":"FinMin to take USD 500 mn panda bond issuance to market in 3Q 2023","author":"enterpriseam admin","date":"28 May 2023","format":false,"excerpt":"The ministry delayed the issuance due to volatile market conditions","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\/5\/1453.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600499,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/eurobond-issuance-to-take-place-within-the-next-two-months\/","url_meta":{"origin":625398,"position":4},"title":"Eurobond issuance to take place within the next two months","author":"enterpriseam admin","date":"31 January 2019","format":false,"excerpt":"Eurobond issuance to take place within the next two months: The Finance Ministry is planning to take its international issuances to the market in February or March, Minister Mohamed Maait was quoted as saying by Reuters. The ministry is planning to sell between USD 3-7 bn in USD- and EUR-\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":621494,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/11\/egypt-will-not-issue-egp-denominated-bonds-during-the-next-two-fiscal-years\/","url_meta":{"origin":625398,"position":5},"title":"Egypt will not issue EGP-denominated bonds during the next two fiscal years","author":"enterpriseam admin","date":"11 November 2018","format":false,"excerpt":"EXCLUSIVE- EGP-denominated int\u2019l bond issuance isn\u2019t happening during the next two fiscal years: The Madbouly Cabinet is not planning to issue EGP-denominated bonds on the international market during the current or next fiscal year, a top government official tells Enterprise. 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