News
Egypt returned to the international debt market on Tuesday, raising USD 500 million (EGP 27.65 billion) by selling additional bonds under two existing dollar issues, the Finance Ministry said. The sale added USD 150 million (EGP 8.3 billion) to a bond maturing in 2030 and USD 350 million (EGP 19.36 billion) to one maturing in 2033, giving the new money an average maturity of about five years. Selling more of an already-trading bond, known as a reopening, lets a…
