Egypt aims to raise $ 7 billion from the international debt market

Egypt has contacted investment banks to advise on a plan to raise up to $ 7 billion from international debt markets in the first half of next year (2021).

Sources told Bloomberg that offers have been sent to banks, and the offers include dollar and euro bonds.

and recently, Egypt took advantage of international markets for a record issuance this year and sold its first green sovereign bonds in the region.

Finance Minister Mohamed Maait said that Egypt might borrow from abroad to raise up to $ 7 billion in the first half of 2021, if needed. >

BNP Paribas, Citigroup, JPMorgan Chase & Co., HSBC Holdings and Standard Chartered arranged the latest international bond sale in Egypt in May The past.

It is reported that Maait said in a previous interview with Bloomberg, that Egypt is also planning to issue Islamic sovereign sukuk for the first time in 2021.

and Maait said that if the Egyptian parliament approves a sukuk bill before February, the issuance may take place before June 2021.