1 Min Read
CAIRO, May 7 (Reuters) - Egypt plans to issue a new Eurobond at the end of May or start of June, Finance Minister Amr El Garhy said on Sunday, after finding strong investor appetite for its $4 billion issuance in January.
Garhy said at the end of April that Egypt was considering a $1.5-$2 billion Eurobond offering in the coming weeks.
Egypt sold $4 billion of Eurobonds in three tranches in January, raising twice a much as targeted and at lower yields than expected.
Reporting by Abdel Rahman Adel,; Writing by Lin Noueihed,; Editing by Giles Elgood