Arab Finance: The Egyptian government has issued Panda bonds worth around $500 million in the Chinese market, Asharq Business reported on October 16th, citing a statement from the Ministry of Finance.
The bonds carry a maturity of three years with an annual yield of 3.5%.
On October 4th, the cabinet reapproved issuing three-year Panda bonds worth $500 million in the Chinese market, extending the issuance period until the end of fiscal year (FY) 2023/2024.