Experts call on Egypt’s government to wait on issuing international bonds ...Egypt

Observers and analysts called on the Egyptian government to wait on issuing international bonds until the vision becomes clearer regarding the future of the US interest rate – especially after it was reduced by 50 basis points last week, amid expectations of further reductions which will aid in lowering the cost of external borrowing. This comes after Egypt’s Finance Minister Ahmed Kouchouk informed foreign investors in London earlier in September that the government is preparing to issue international bonds and other debt instruments worth three billion dollars in the current fiscal year, which ended late June, according to Bloomberg reports citing sources familiar with the matter. Kouchouk

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