{"id":637933,"date":"2017-11-29T04:04:11","date_gmt":"2017-11-29T04:04:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/egypt-planning-consecutive-eurobond-sales-in-1q2018-starting-late-january-el-garhy\/"},"modified":"2017-11-29T04:04:11","modified_gmt":"2017-11-29T04:04:11","slug":"egypt-planning-consecutive-eurobond-sales-in-1q2018-starting-late-january-el-garhy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/egypt-planning-consecutive-eurobond-sales-in-1q2018-starting-late-january-el-garhy\/","title":{"rendered":"Egypt planning consecutive eurobond sales in 1Q2018 starting late January -El Garhy"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Egypt planning consecutive eurobond sales in 1Q2018 starting late January:<\/strong>Egypt\u2019s first USD-denominated eurobond sale in 2018 will take place in late January or early February, with an EUR-denominated issuance to follow later in February or March, Finance Minister Amr El Garhy <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2017-11-28\/egypt-s-el-garhy-on-upcoming-bond-sale-video\">told Bloomberg in an interview<\/a>. The EUR-denominated issue will have a tenure of 5-10 years, while the USD eurobonds will have tenures of five, 10, and 30 years, \u201cbut we might add a new tenure in order to deepen our yield curve,\u201d the minister added. El Garhy <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/04\/usd-bonds-to-be-issued-in-jan-feb-eur-bonds-later-el-garhy\/\">had previously said<\/a> that the USD-denominated issue will be worth EUR 3-4 bn and the EUR-denominated bond around EUR 1-1.5 bn. The ministry is now 2-3 weeks away from finalizing proposals for the structure of the sales, which are expected to go smoothly \u201cbecause even the rate on Egypt\u2019s existing bonds is tightening and interest rates are going down and that\u2019s giving us a lot of momentum,\u201d El Garhy said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt planning consecutive eurobond sales in 1Q2018 starting late January:Egypt\u2019s first USD-denominated eurobond sale in 2018 will take place in late January or early February, with an EUR-denominated issuance to follow later in February or March, Finance Minister Amr El Garhy told Bloomberg in an interview. The EUR-denominated issue will have a tenure of 5-10 [&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-637933","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dca4b78f-27df-41c8-a4e5-eed18f938a07","order":"0","is_powered_by":true,"section_story_id":"6c765b25-9e78-4582-9fd0-962d40b435a6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637922],"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>Egypt planning consecutive eurobond sales in 1Q2018 starting late January -El Garhy - 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\/2017\/11\/29\/egypt-planning-consecutive-eurobond-sales-in-1q2018-starting-late-january-el-garhy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt planning consecutive eurobond sales in 1Q2018 starting late January -El Garhy\" \/>\n<meta property=\"og:description\" content=\"Egypt planning consecutive eurobond sales in 1Q2018 starting late January:Egypt\u2019s first USD-denominated eurobond sale in 2018 will take place in late January or early February, with an EUR-denominated issuance to follow later in February or March, Finance Minister Amr El Garhy told Bloomberg in an interview. The EUR-denominated issue will have a tenure of 5-10 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/egypt-planning-consecutive-eurobond-sales-in-1q2018-starting-late-january-el-garhy\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-29T04:04:11+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\/2017\/11\/29\/egypt-planning-consecutive-eurobond-sales-in-1q2018-starting-late-january-el-garhy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/egypt-planning-consecutive-eurobond-sales-in-1q2018-starting-late-january-el-garhy\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt planning consecutive eurobond sales in 1Q2018 starting late January -El Garhy\",\"datePublished\":\"2017-11-29T04:04:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/egypt-planning-consecutive-eurobond-sales-in-1q2018-starting-late-january-el-garhy\/\"},\"wordCount\":171,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/egypt-planning-consecutive-eurobond-sales-in-1q2018-starting-late-january-el-garhy\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/egypt-planning-consecutive-eurobond-sales-in-1q2018-starting-late-january-el-garhy\/\",\"name\":\"Egypt planning consecutive eurobond sales in 1Q2018 starting late January -El Garhy - 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El Garhy says the USD-denominated issue will be worth EUR 3-4 bn and the\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":641223,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/17\/egypt-mulls-eur-1-5-bn-eurobond-issuance-in-november\/","url_meta":{"origin":637933,"position":1},"title":"Egypt mulls EUR 1.5 bn eurobond issuance in November","author":"enterpriseam admin","date":"17 September 2017","format":false,"excerpt":"Egypt mulls EUR 1.5 bn eurobond issuance in November: Egypt is considering raising USD 1.5 bn in a new eurobond issuance \u201cbefore the end of November,\u201d Finance Minister Amr El Garhy told Bloomberg on Thursday. Some USD 3-4 bn in eurobonds will be up for sale in 1Q2018, El Garhy\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":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":637933,"position":2},"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. Egypt successfully issued USD 2 bn-worth of USD-denominated eurobonds in a\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":636070,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/usd-3-4-bn-usd-denominated-eurobond-slotted-for-late-january\/","url_meta":{"origin":637933,"position":3},"title":"USD 3-4 bn USD-denominated eurobond slotted for late January","author":"enterpriseam admin","date":"20 December 2017","format":false,"excerpt":"The USD 3-4 bn USD-denominated eurobond issuance will take place towards the end of January, said Finance Minister Amr El Garhy, Al Borsa reports. A roadshow for the issuance will take place in mid-January, with the Finance Ministry focusing on Europe and the US. Extending the roadshow to Asia is\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":635516,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/06\/govt-begins-procedures-to-issue-usd-3-4-bn-in-eurobonds-in-january\/","url_meta":{"origin":637933,"position":4},"title":"Gov\u2019t begins procedures to issue USD 3-4 bn in eurobonds in January","author":"enterpriseam admin","date":"6 December 2017","format":false,"excerpt":"The Ismail government has begun procedures to issue USD 3-4 bn in USD-denominated eurobonds in January 2018, Finance Minister Amr El Garhy told Reuters on Tuesday. The documents for the issuance were approved earlier this week, El Garhy added. A EUR 1-1.5 bn EUR-denominated issuance will follow later in February\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":602517,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/egypt-to-take-eur-denominated-eurobond-issuance-to-market-next-month\/","url_meta":{"origin":637933,"position":5},"title":"Egypt to take EUR-denominated eurobond issuance to market next month","author":"enterpriseam admin","date":"31 March 2019","format":false,"excerpt":"Egypt to take EUR-denominated eurobond issuance to market next month: The Finance Ministry is planning to sell up to EUR 1.5 bn-worth of eurobonds in mid-April, unnamed government sources told the domestic press. Next month\u2019s issuance constitutes the EUR-denominated portion of the USD 5 bn issuance the ministry had announced\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637933","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=637933"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637933\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637922"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637933"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637933"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}