26 May 2019 05:31 AM

At a value of $4 bln.. Egypt issues int'l bonds

Wednesday، 20 February 2019 - 01:08 PM
At a value of $4 bln.. Egypt issues int'l bonds

Egypt has put up for sale international bonds at a value of four billion dollars in three categories, according to a statement issued by the Finance Ministry on Wednesday 20/2/2019.

The five-, 10- and 30-year bonds will be offered at high revenue rate, added the statement.

The move is an indication of big success despite instability of the international money markets in the past period, according to the statement.

This instability, the statement indicated, has affected indices of developing and new markets.

The move also is an evidence of the growing confidence by investors in the Egyptian national economy and the success of the economic reform program introduced by the Egyptian government, added the statement.

 

MENA


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