Egypt plans to issue international sovereign sukuk

17/10/2018 Argaam

 

Egypt plans to issue its first international sovereign sukuk in the financial year 2019-2020, Reuters reported on Wednesday, citing Finance Minister Mohamed Maait.

 

The size of the proposed offering was not given.

 

Egypt is planning to issue nearly $20 billion in foreign currency-denominated bonds by 2022, which will allow it to attract a new class of investors, the report said.

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