09 Jun 2021

The Minister of Finance said that Egypt is currently studying issuance of more “sustainable development bonds”, also known as green bonds. The goal of issuing such bonds would be to diversify the government’s sources of funding and tap new investors.

The Minister said that due to the limited size of the market for green bonds, the new issuance would be within the same size as the previous successful offering. Egypt had issued the first green bonds in the MENA region back in September 2020. The bonds were for USD750mn at a rate of 5.25%. (Source: Official Egyptian State Information Service (English), Egypt Today (English), Hapi Journal, al-Masry al-Youm)