Egypt plans dollar-denominated Eurobonds

Egypt plans to issue dollar-denominated Eurobonds between January and February next year, followed by a euro-denominated bonds later, the finance minister said on Tuesday, as the country looks to diversify its funding sources. Egypt has been negotiating billions of dollars in aid, including a three-year, $12 billion loan programme from the International Monetary Fund to help revive an economy hit by upheaval since a 2011 revolt.
Earlier this year, the government sold $7 billion in five-, 10- and 30-year bonds, part of its return to international markets after turmoil following the ouster of President Hosni Mubarak in 2011.