{"id":626563,"date":"2018-07-05T04:02:14","date_gmt":"2018-07-05T04:02:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/finmin-wants-to-start-selling-govt-bonds-on-the-egx-this-fiscal-year\/"},"modified":"2018-07-05T04:02:14","modified_gmt":"2018-07-05T04:02:14","slug":"finmin-wants-to-start-selling-govt-bonds-on-the-egx-this-fiscal-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/finmin-wants-to-start-selling-govt-bonds-on-the-egx-this-fiscal-year\/","title":{"rendered":"FinMin wants to start selling gov\u2019t bonds on the EGX this fiscal year"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>EXCLUSIVE- FinMin wants to start selling gov\u2019t bonds on the EGX this fiscal year:<\/strong> The Finance Ministry has begun taking steps towards selling government bonds on the EGX, and has begun coordinating with the central bank to get the ball rolling on that, Finance Minister Mohamed Maait told us in an exclusive interview. A legislative pipeline is being readied to help establish a market for government bonds on the bourse, with an eye towards getting passed in the current legislative cycle, he added. Expects bond sales on the EGX to begin in the current fiscal year, but did not give any indication as to when. The government firmly intends to only sell long-term bonds as part of its plan to rely on long-term debt. It will not be selling short-term treasuries on the stock market.<\/p>\n<p><strong>Maait sets the record straight on Egypt tapping the global sukuk market in FY2018-19:<\/strong> Thanks to a very busy legislative cycle, Egypt will not be issuing Islamic Sharia-compliant bonds in USD or EUR in the current fiscal year, Maait tells us. There currently is no legislative framework in place that will make that possible, and due to an already stacked legislative cycle, Maait does not see it happening this year. Maait is setting the record straight following <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/28\/egypt-could-issue-islamic-bonds-next-fiscal-year\/\">news reports last week<\/a> which stated that Egypt would indeed be issuing sukuks in FY2018-19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE- FinMin wants to start selling gov\u2019t bonds on the EGX this fiscal year: The Finance Ministry has begun taking steps towards selling government bonds on the EGX, and has begun coordinating with the central bank to get the ball rolling on that, Finance Minister Mohamed Maait told us in an exclusive interview. A legislative [&hellip;]<\/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-626563","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1b3abd48-a916-4d06-8caf-cceb57084395","order":"0","is_powered_by":true,"section_story_id":"a3795e0a-f49a-47e2-8dea-97c6fac91b20","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626551],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FinMin wants to start selling gov\u2019t bonds on the EGX this 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\/07\/05\/finmin-wants-to-start-selling-govt-bonds-on-the-egx-this-fiscal-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin wants to start selling gov\u2019t bonds on the EGX this fiscal year\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- FinMin wants to start selling gov\u2019t bonds on the EGX this fiscal year: The Finance Ministry has begun taking steps towards selling government bonds on the EGX, and has begun coordinating with the central bank to get the ball rolling on that, Finance Minister Mohamed Maait told us in an exclusive interview. A legislative [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/finmin-wants-to-start-selling-govt-bonds-on-the-egx-this-fiscal-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-05T04:02:14+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\/07\/05\/finmin-wants-to-start-selling-govt-bonds-on-the-egx-this-fiscal-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/finmin-wants-to-start-selling-govt-bonds-on-the-egx-this-fiscal-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FinMin wants to start selling gov\u2019t bonds on the EGX this fiscal year\",\"datePublished\":\"2018-07-05T04:02:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/finmin-wants-to-start-selling-govt-bonds-on-the-egx-this-fiscal-year\/\"},\"wordCount\":244,\"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\/07\/05\/finmin-wants-to-start-selling-govt-bonds-on-the-egx-this-fiscal-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/finmin-wants-to-start-selling-govt-bonds-on-the-egx-this-fiscal-year\/\",\"name\":\"FinMin wants to start selling gov\u2019t bonds on the EGX this fiscal year - 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This mechanism will allow the select banks and financial institutions who take\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":596003,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/finmin-eyes-more-ambitious-debt-to-gdp-ratio-targets-for-egypt-within-three-years\/","url_meta":{"origin":626563,"position":1},"title":"FinMin eyes more ambitious debt-to-GDP ratio targets for Egypt within three years","author":"enterpriseam admin","date":"18 August 2019","format":false,"excerpt":"FinMin eyes more ambitious debt-to-GDP ratio targets within three years: The Finance Ministry is planning to reduce Egypt\u2019s debt-to-GDP ratio to pre-2011 levels of 77.5% by the end of FY2021-2022, according to a ministry statement. This is lower than the previous target announced in March, which aimed to reduce debt\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569373,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/23\/egypt-inches-closer-to-maiden-sukuk-issuance-as-finmin-completes-sukuk-act\/","url_meta":{"origin":626563,"position":2},"title":"Egypt inches closer to maiden sukuk issuance as FinMin completes Sukuk Act","author":"enterpriseam admin","date":"23 February 2020","format":false,"excerpt":"LEGISLATION WATCH- Egypt inches closer to maiden sukuk issuance as FinMin completes Sukuk Act: The Finance Ministry has completed the drafting of the Sovereign Sukuk Act and passed it to cabinet for review, an official draft suggests (pdf). Cabinet will, after approving the legislation, send it to the House of\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":598911,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/12\/government-plans-to-issue-zero-coupon-bonds-in-july\/","url_meta":{"origin":626563,"position":3},"title":"Government plans to issue zero-coupon bonds in July","author":"enterpriseam admin","date":"12 June 2019","format":false,"excerpt":"EXCLUSIVE- Gov\u2019t set to issue next month its first zero-coupon bonds since 2013: The government is planning to issue in July its first local zero-coupon bonds since 2013, two government officials told Enterprise. Multiple zero-coupon bond issuances are planned for the coming fiscal year, the sources told us, adding that\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":572302,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/21\/finmin-sees-egypts-economy-growing-5-next-fiscal-year-maait-says\/","url_meta":{"origin":626563,"position":4},"title":"FinMin sees Egypt\u2019s economy growing 5% next fiscal year, Maait says","author":"enterpriseam admin","date":"21 June 2020","format":false,"excerpt":"Gov\u2019t revises its FY2020-2021 growth target upward to 5%: The Finance Ministry sees Egypt\u2019s GDP growing at a 5% clip in FY2020-2021, Minister Mohamed Maait said in a webinar hosted by the British Egyptian Business Association on Thursday. The figure is higher than the Planning Ministry\u2019s most recent projection \u2014\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/202.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":626563,"position":5},"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 &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=626563"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626563\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/626551"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=626563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=626563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=626563"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=626563"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=626563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}