Egypt plans to sell $ 5 billion of international bonds



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C & # 39; was L & # 39; Egypt In April of last year, he collected $ 2.46 billion worth of oil Sale of bonds Euro denominations for eight years and twelve years, at 4.75% and 5.625%, respectively.

Quotes "Reuters" From the newspaper that Egypt "There will be no promotional tour of the issue, especially since the last period has witnessed investor meetings and an investigation on the expected interest rates ".

C & # 39; was Egyptian Minister of Finance (Reuters) – Iran plans to launch its international bond program between February and March in various currencies, which will raise $ 3 billion to $ 7 billion, Reuters announced in January.

Egypt has chosen Goldman Sachs, HSBC, JP Morgan and Citibank to manage the dollar-denominated bond issue, while BNP Paribas, Standard Chartered, Bank of Alexandria and Natixis have chosen to manage the bond issue denominated in US dollars. euros.

Egypt's financing requirements in the 2018-2019 budget amounted to about 714.637 billion pounds (40.72 billion dollars), of which 511.208 billion in the form of financial instruments. local borrowing, the rest representing external financing from the issuance of bonds and the loan from the IMF.

She said Stock Exchange Journal Egypt has paid 200 million dollars in arrears International oil companies Debt will fall to $ 1 billion on December 15.

Contributions were companies Oil Foreign investment in Egypt reached $ 1.2 billion on June 30 and the country is seeking to complete the repayment of these debts by the end of 2019.

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Last April, Egypt raised $ 2.46 billion through the sale of 8- and 12-year bonds at 4.75% and 5.625% respectively.

"Egypt is not going to launch a promotional campaign, especially since the last period has witnessed investor meetings and a poll of opinions on the rates of # 39; interest expected, "said the newspaper quoted by Reuters.

Egyptian Finance Minister Mohamed Maith told Reuters in January that his country was planning to launch the international bond program between February and March in different currencies, which would raise between $ 3 and $ 7 billion.

Egypt has chosen Goldman Sachs, HSBC, JP Morgan and Citibank to manage the dollar-denominated bond issue, while BNP Paribas, Standard Chartered, Bank of Alexandria and Natixis have chosen to manage the bond issue denominated in US dollars. euros.

Egypt's financing requirements in the 2018-2019 budget amounted to about 714.637 billion pounds (40.72 billion dollars), of which 511.208 billion in the form of financial instruments. local borrowing, the rest representing external financing from the issuance of bonds and the loan from the IMF.

Egypt has paid $ 200 million in arrears from international oil companies to reduce debt to $ 1 billion by December 15, the newspaper said.

Foreign oil companies' debts to Egypt amounted to $ 1.2 billion as at June 30, and the country is seeking to complete the repayment of these debts by the end of 2019.

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