Egypt plans to issue $4 billion in international bonds over the next 12 months, Bloomberg cited Minister of Finance Ahmed Kouchouk at the Egyptian-British Business Association in London.

Beltone Holding’s subsidiary Beltone Leasing and Factoring has concluded its second securitization issuance in less than a year, with a total value of EGP2 billion

MNT-Halan’s business lending vertical has successfully concluded a landmark EGP 2.5 billion corporate bond issuance

International government bonds issued by Egypt increased on January 15th after Israel and Hamas reached a ceasefire agreement.

Contact Financial Holding has closed its 45th issue of securitization bonds with a total value of EGP 1.214 billion

Arab African International Bank (AAIB) has issued a $500 million sustainability bond, with investments from the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII).

The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, increased the average interest rate on the two-year fixed-return treasury bonds (T-bonds) to 25.28% in an auction held on November 18th.

CI Capital has successfully concluded a securitized bond issuance worth EGP 3.919 billion for Capital for Securitization, on behalf of Tasaheel Finance, which served as the originator of the portfolio.

NI Capital Holding for Financial Investments is looking to launch a fund to invest in Egypt’s government bonds this year.

The non-banking financial services provider GlobalCorp has issued its sixth securitization bonds valued at EGP 1.32 billion, following receiving approval from the Financial Regulatory Authority (FRA).

Egypt and the New Development Bank (NDB) have probed issuing EGP-denominated bonds.

gypt’s sovereign dollar-denominated bonds climbed by over 2 cents after the Central Bank of Egypt (CBE) hiked interest rates by 600 basis points (bps) and the Egyptian pound hit a fresh low record against the US dollar.

Egypt’s sovereign dollar-denominated government bonds climbed by over 3 cent, extending the significant increase following the country’s $35 billion deal with Abu Dhabi Developmental Holding (ADQ).

The Egyptian government has canceled 29 auctions of treasury bonds (T-bonds) worth EGP 34.5 billion out of 31 auctions during the first half (H1) of fiscal year (FY) 2023/2024 due to the high yields required by banks from investors.

Citibank has lowered its recommendation for Egypt’s USD bonds issued in October to “marketweight” from an “overweight” recommendation given to them in 2023.

The Egyptian government is planning to raise up to $10.1 billion from securitized bonds in fiscal year (FY) 2024/2025 in exchange for a portion of its future USD revenues.

Egypt is studying issuing bonds denominated in Gulf currencies in the coming period, Egyptian Minister of Finance Mohamed Maait said.

Egypt is considering issuing bonds denominated in Indian Rupees, known as Masala bonds, at a value of up to $500 million next year, Minister of Finance Mohamed Maait said.

The Egyptian government has been diversifying its sources of foreign currency finance through selling state-owned assets, entering into bilateral and multilateral financing agreements, and issuing various types of foreign currency government bonds. Over the past few years, Egypt issued different types of bonds, including Eurobonds, green bonds, sovereign sukuk, Panda bonds, and Samurai bonds. The issuance of these securities is projected to support the country in its journey towards bridging the financial gap estimated at $17 billion. In this Factsheet, we will explore the various foreign currency bonds issued by the Egyptian government, while highlighting their impact and importance for the ongoing economic status.

Citigroup Inc. has turned bullish on Egypt’s dollar bonds, saying that the country will access further financing, given its major geopolitical location.