Bloomberg/Shawn Baldwin

Markets

Egypt mulls samurai, panda bond issuance

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An Egyptian official said that the chosen currency would depend on factors including levels of investor demand and the cost.

Wednesday 19, June 2019 BY KUDAKWASHE MUZORIWA

Egypt’s Deputy Finance Minister for Capital Market Operations said that the government plans to issue an international bond in either the Chinese, Japanese or South Korean currency in the coming fiscal year starting in July.

Khaled Abdelrahman, the Deputy Finance Minister for Capital Markets Operations, said that the government is considering a panda, samurai or Korean currency issuance, reported Reuters.

TAGS : panda, samurai, International bond issuance

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