CAIRO (Reuters) - Egypt’s finance ministry has asked the cabinet to approve two new eurobond issuances, two ministry sources told Reuters.
The first issuance would range between 1-2 billion Euros before the end of 2017. The second would range from $4-8 billion and would be in 2018.
The sources said the finance ministry is looking to diversify its bond portfolio to attract different types of investors.
Reporting by Abdelrahman Adel; Writing by Nadine Awadalla; Editing by Eric Knecht