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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Egypt plans to launch an international bond program worth billions of dollars

    Rocky
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    • Post n°1

    Egypt plans to launch an international bond program worth billions of dollars Empty Egypt plans to launch an international bond program worth billions of dollars

    Post by Rocky Sun 17 Sep 2017, 8:41 am

    [size=30]Egypt plans to launch an international bond program worth billions of dollars[/size]
    17/09/2017 02:43 | Number of readings:
    font size:  Egypt plans to launch an international bond program worth billions of dollars Font_decrease  Egypt plans to launch an international bond program worth billions of dollars Font_enlarge
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    [rtl]Trend Press / Agencies[/rtl]
    [rtl]Egyptian Finance Minister Amr Al-Jarhi said on Sunday that his country plans to launch a new $ 10 billion international bond program but gave no time frame.[/rtl]
     
    [rtl]Al-Jarashi was quoted as saying that his ministry would study the appropriate timing of the issuance of euro bonds before the end of November "within 1.5 billion euros after approval by the Council of Ministers of the issuance program."[/rtl]
     
    [rtl]"We are targeting between $ 3 billion and $ 4 billion in the first quarter of next year," Al-Jarhi added.[/rtl]
     
    [rtl]In January, Egypt sold $ 4 billion in international bonds on three tranches. In April, the government agreed to raise the cap of international bonds to $ 7 billion. Egypt sold another $ 3 billion in May.[/rtl]
     
    [rtl]In November, Egypt signed a three-year $ 12 billion program with the International Monetary Fund (IMF) conditional on reforms such as VAT and cuts in subsidies to cut budget deficits in steps it said would boost the country's financial situation.[/rtl]

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