Egypt repays $1.36bn worth of international bonds in December

Outstanding bonds worth $18bn and €2bn due within 30 years

In January 2018, the ministry managed to attract $4bn in investments through three bond issuances on international markets.

The first tranche of these bonds was issued at a value of $1.750bn with a yield of 6.125% and are due on 31 January 2022.The second tranche was worth $1bn with a yield of 7.5% and are due on 31 January 2027.The third tranche was $1.25bn with a yield of 8.5% and are due on 31 January 2047.

On 29 May 2017, the government issued more bonds worth $1bn with a yield of 7.5% and mature on 31 January 2027. More bonds were issued on the same day worth $750m with an interest rate of 6.125% for a seven-year maturity and are due on 31 January 2022.

The third tranche was issued for $1.25bn with an interest rate of 8.5% for 30-year maturity and due on 31 January 2047.

On 10 November 2016, three issuances of bonds were made worth $4bn at London Stock Exchange.

The first tranche of these bonds was issued for $1.360bn with a yield of 4.62% and is due on 10 December 2018. The second tranche is worth $1.32bn was issued with a yield of 6.75% and is due on 10 November 2024, while the third was worth $1.32bn with a yield of 7% and is due on 10 November 2028.

The finance ministry made another issuance for $1.25bn on 11 June 2015 with a yield of 5.875% and is due on 11 June 2025.

Moreover, a bond issuance worth $1bn was launched on 29 April 2010 with a yield of 5.75% and is due on 29 April 2020, and another issuance worth $500m was launched on 29 April 2010 with a yield of 6.875% and is due on 29 April 2040.