Egypt has started marketing green five-year dollar-denominated bonds at around 5.75 percent.
According to Reuters, this is the first such type of bond issue by a government in the Middle East and North Africa.
It is expected that the offering will be of standard size, which generally means that it will not be less than $ 500 million.
The debt sale will be completed later on Tuesday, with proceeds due to be used to finance or refinance green projects in sectors such as transport, renewable energy and energy efficiency.
Crédit Agricole, Citi, HSBC and Deutsche Bank were tasked with arranging the deal.
