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High Demand on Egyptian Int'l Bonds Shows Trust in National Economy
Source: 2/15/2018

Deputy Chairman of the National Bank of Egypt Yehia Abul Fotouh on Wednesday said Egypt's issuing of global bonds to the value of 4 billion dollars, for which there was a massive demand, indicated an international confidence in the Egyptian economy.

In statements to MENA, he added that this comes at a time when international money markets are experiencing a state of fluctuation over the past two weeks.

Minister of Finance Amr el Garhy announced earlier in the day issuing the bonds over three stages - 5, 10 and 30 years at a high interest rate.

Related Categories: Accounting, Statistics  Economics/Financial Analysis  General  Insurance 

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