Egypt Eyes Taking Bond Sales Eastward After $4 Billion Offer
- Country sells three maturities of dollar-denominated notes
- Bonds price at premium over existing notes and emerging peers
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Egypt may sell bonds in Japanese yen and Chinese yuan after the country raised $4 billion in its first foray into international capital markets since a currency devaluation in November.
The sale of dollar-denominated bonds across three maturities on Tuesday was covered “multiple times,” and the country is now “studying carefully” future sales of notes in the Japanese and Chinese currencies, Finance Minister Amr El-Garhy said in an interview Wednesday with Bloomberg TV in London.