Global Macro Service > Research Briefings > Africa and Middle East

MENA Weekly: Egypt bond sale the latest in MENA borrowing spree

Egypt sold a $2bn triple-tranche bond on 13 November, returning to international markets for the third time this year (the first time this fiscal year), after a dollar bond sale in February and a euro-denominated issue in April. The bond is part of the $5bn eurobond borrowing the cabinet approved for this fiscal year, with the proceeds expected to support reserves and help Egypt to meet its near-term financing needs.

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