Egypt aims to raise $10B via securitization bonds in FY2024/25

Updated 1/8/2024 7:15:00 AM
Egypt aims to raise $10B via securitization bonds in FY2024/25

Arab Finance: 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, an unnamed government official told Arab World Press on January 7th.

The government aims to collect $1.5 billion in the first phase of the securitization issuance, which will be directed to foreign investors, the official said.

Egypt’s foreign currency sources are the Suez Canal, tourism, remittances from Egyptians working abroad, exports, and direct investments.

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