Eurobond may be delayed until mid-January, Finance Minister says
Egypt’s Minister of Finance Amr El Garhy said the planned USD2-2.5bn international bond issuance may be postponed until mid-January due to market volatility. "There is volatility in the global market at the moment and we will wait for a few days to determine our position on whether to issue the bonds by November-end or the beginning of next month or wait until mid-January.” Al-Garhy had earlier said the ministry will set the week of 23 November as a tentative date for beginning a Eurobond roadshow. (Reuters, EFG Hermes)
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