The African Finance Corporation (AFC) intends to support Egypt’s next large international bonds issuance, whether by strengthening its credit position or by investing in bonds
Maait added that “a study to issue bonds in Gulf currencies during the coming period [is needed], but this requires coordination with advisors and lawyers, and the matter is not easy.”
Egypt is looking to further diversify and aims to issue additional green, sustainable, and low-cost financing packages to provide financing for state projects to improve citizen's lives
This is not the first time Egypt has launched bonds into the Japanese market. Egypt issued its inaugural Samurai bonds last year in March 2022
The cabinet also ratified the procedures for the issuance of sovereign and sustainable Panda bonds in the Chinese market
