Egypt Weighs Debut 1.5 Billion Euro-Denominated Bond Sale

  • May tap market before end of November, minister says
  • Finance Minister Amr El-Garhy speaks to Bloomberg News

Amr El-Garhy

Photographer: SeongJoon Cho
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Egyptian policy makers are weighing plans to raise 1.5 billion euros from the country’s first sale of euro-denominated bonds, Finance Minister Amr El-Garhy said.

The possible sale would happen before the end of November, El-Garhy told Bloomberg News in the Egyptian Red Sea resort town of Sharm El-Sheikh on Thursday. He didn’t give more details.