Egypt close to issuing $500m Japan samurai bond
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Egypt is about to finalize the issue of a samurai bond of about 500 million USD, its first fund raising in yen in three years, while the country is seeking to diversify its sources of financing in a context of growing economic pressure. Egyptian Foreign Minister Badr Abdelatty said this Thursday...
Egypt close to issuing $500m Japan samurai bond
Egypt is finalising plans for its first yen-denominated bond sale in three years. The African Development Bank said in December it would partially guarantee Cairo’s planned $500 million-equivalent “samurai bonds” on Japanese markets this year. “We are completing the final steps,” foreign minister Badr Abdelatty said while on a trip to Tokyo on Thursday, adding that he had been promoting the sale and other investment opportunities while in Japan.…
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