Egypt’s stock of bonds in international markets have increased to $14.5bn, according to a recent report issued by the Finance Ministry. The ministry managed to issue new bonds in international market on 31 May for $3bn. On 10 November 2016, the ministry launched three bonds worth $4bn in a special tender in the London Stock Exchange. The Egyptian government stopped issuing international bonds since June 2012 and decided in January 2015 to go back to issuing them. El-Garhy noted that within only three months, Egypt managed to issue international bonds worth $7bn.

Source: Daily News Egypt June 03, 2017 13:30 UTC