Global markets stabilise on Wednesday    Oil prices edged lower on Wednesday    Gold prices rebound on Wednesday    AOI, Dassault sign new partnership to advance defense industrial cooperation    Egypt unveils ambitious strategy to boost D-8 intra-trade to $500bn by 2030    Egypt discusses rehabilitating Iraqi factories, supplying defence equipment at EDEX 2025    Private Egyptian firm Tornex target drones and logistics UAVs at EDEX 2025    Egypt's Abdelatty urges deployment of international stabilisation force in Gaza during Berlin talks    Egypt begins training Palestinian police as pressure mounts to accelerate Gaza reconstruction    Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy    Egypt's Health Minister leads high-level meeting to safeguard medicine, medical supply chains    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    US Embassy marks 70th anniversary of American Center Cairo    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt issues longest-term international bond with maturities of 40 years
MENA Published in Ahram Online on 14 - 11 - 2019

Egyptian Finance Minister Mohamed Ma'eet said that Egypt has returned to the international bond market by issuing 2 billion dollar bonds in three tranches.
The issuance included 500 million dollars of four-year bonds, one billion of 12-year bonds, and 500 million dollars of 40-year bonds, he added.
Demands of foreign investors on the issued bonds hit 14.5 billion dollars, few hours after floating the international bonds from Cairo, he added.
In a statement on Thursday, Ma'eet said that this is the third time for the ministry to be back to the international bond market in 2019 to benefit from the current positive conditions of the international markets to cover a part the funding needs of the Finance Ministry for fiscal year 2019/2020 which worth about 5 billion dollars.
Egypt's issuing of international bond with maturities of 40 years are the longest international bond to be floated in the North Africa and Middle East region, Ma'eet added.

Clic here to read the story from its source.