Egypt plans to issue a new Eurobond at the end of May or start of June, Finance Minister Amr El Garhy said on Sunday, after finding strong investor appetite for its $4 billion issuance in January. Garhy said at the end of April that Egypt was considering a $1.5-$2 billion Eurobond offering in the coming weeks. In related news, the average yields on Egypt's three-month treasury bills fell, while yields on nine-month bills jumped at an auction on Sunday, data from the central bank showed. Yields on the three-month bills declined to an average of 19.224 percent from 19.273 percent at the most recent similar auction. Yields on the nine-month bills rose to 19.249 from 19.070 percent.

Source: Egypt Independent May 08, 2017 12:56 UTC