Egypt issues $500M Panda bonds

Updated 10/16/2023 3:48:00 PM
Egypt issues $500M Panda bonds

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.

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