Egypt already has three active international bond programs listed on prominent global exchanges.
In the context of advancing Egypt’s capital market, the Ministry of Finance presented Egypt’s vision for establishing a retail bond market.
The minister highlighted that this is part of a broader strategy to diversify financing sources and attract both investors and savers to the local debt market.
With a 12-month waiting period for re-inclusion, the next anticipated step involves JPMorgan potentially placing Egypt on its watchlist in the first half of 2025.
Egypt’s dollar-denominated notes due in 2047 were trading above 80 cents on the dollar as of Friday, the highest level since 2022, according to data compiled by the international news outlet
