Minister of Finance Amr El-Garhy said that Egypt plans to issue dollar bonds in January and February. “Dollar bonds will range from $3bn to $4bn, whereas the Euro bonds will range from €1bn to €1.5bn,” El-Garhy said in a press conference held on Tuesday. In January 2017, Egypt sold international bonds worth $4bn on three portions. It then sold bonds worth $3bn in May 2017. El-Garhy revealed that Egypt achieved revenues worth EGP 659.2bn in 2016/2017 from EGP 491.5bn in 2015/2016, whereas expenses increased to EGP 1.031tr from EGP 817.8bn in 2015/2016.

Source: Daily News Egypt October 03, 2017 15:56 UTC