{"id":681394,"date":"2026-01-14T00:00:00","date_gmt":"2026-01-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=681394"},"modified":"2026-01-15T09:43:59","modified_gmt":"2026-01-15T09:43:59","slug":"finance-ministry-looks-to-lock-in-lower-rates-with-up-to-usd-2-bn-eurobond-sale-in-q1-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/14\/finance-ministry-looks-to-lock-in-lower-rates-with-up-to-usd-2-bn-eurobond-sale-in-q1-2\/","title":{"rendered":"Finance Ministry looks to lock in lower rates with up to USD 2 bn Eurobond sale in Q1"},"content":{"rendered":"

Good afternoon, folks, and welcome to the almost-weekend. <\/strong>We have a brisk issue for you today, with news of Egypt eyeing a return to global debt markets as early as this month. Elsewhere, safe-haven assets keep climbing, and we sit down with the man behind Villa Atouta to talk heritage hospitality.<\/p>\n

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THE BIG STORY TODAY-<\/p>\n

? Egypt is in advanced talks with transaction advisors to issue between <\/strong>USD 1-1.5 bn in Eurobonds as early as this month or the next<\/strong>, a senior government official tells EnterpriseAM. The Finance Ministry is looking to capitalize on a sharp narrowing in Egypt\u2019s risk premium, with five-year credit default swaps falling below 270 bps \u2014 their lowest level in six years.<\/p>\n

Why it matters: <\/strong>The country is moving to reassert its presence in global debt markets to secure lower-cost funding as its credit rating improves. Yields on Egyptian international bonds have retreated by 300-400 bps year-on-year, offering a window to raise capital that was effectively closed to Egypt 18 months ago. <\/p>\n

If market appetite remains high, the government may expand the issuance to USD 2 bn<\/strong>, our source told us. Later on in the year, the ministry also plans to issue USD 500 mn worth of green samurai bonds before the fiscal year comes to a close in June.<\/p>\n

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THE BIG STORY ABROAD-<\/p>\n

? Growing <\/strong>geopolitical tensions continue to drive the increasing demand for <\/strong>safe-havens as gold reaches a record high on Wednesday<\/strong>, with spot gold jumping another 0.9% to over USD 4.6k per ounce. Silver broke the USD 90 mark, with spot silver jumping 4% to USD 90.55 per ounce.<\/p>\n

^^Read more on: CNBC<\/a> and Reuters<\/a>. <\/p>\n

Meanwhile, oil prices have risen as protests in Iran intensify<\/strong>, with WTI crude and Brent seeing price increases of more than 2.5%. Iran is under an internet blackout and the death toll has reached 2.6k, according to the Human Rights Activists News Agency. Tehran has threatened to hit US bases in neighboring countries like Qatar if Washington maintains threats to intervene in the protests.<\/p>\n

^^Read more on: CNBC<\/a> and Reuters<\/a>. <\/p>\n

In other business news<\/strong>, Saks Global, owner of luxury outlet Saks Fifth Avenue, filed for bankruptcy, carrying a debt of USD 2 bn after a USD 2.7 bn merger with retailers Neiman Marcus and Bergdorf Goodman in 2024.<\/p>\n

^^Read more on: Semafor<\/a> <\/p>\n

ALSO- Netflix is preparing an all-cash offer for Warner Bros Discovery<\/strong> to secure and expedite its takeover of the studios and fend off the opposing bid from Paramount.<\/p>\n

^^Read more on: The Guardian<\/a>. <\/p>\n

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