Egypt began on Thursday, September 23 to market multi-tranche US dollar-denominated bonds, as it seeks to raise up to $3 billion.

This is Egypt’s second dollar-denominated bonds issuance in 2021, taking advantage of lower borrowing costs before the US Federal Reserve decides when to reduce monetary stimulus.

For more information, please see https://www.egypttoday.com/Article/3/108110/For-2nd-time-in-2021-Egypt-issues-dollar-denominated-bonds