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Egypt to issue Dollar bonds at low yield

October 20, 2017 9:52 am

Angus Blair, chief operating officer at Pharos Holding, discusses Egypt’s bond program and their monetary policy.

Egypt is issuing an aggressive bond issuance program which bodes well for investors as it promises high yields and returns but, it it sustainable for Egypt’s monetary policy?

Read: Egypt best place to invest in Africa

Blair argues that tapping international markets with bonds at low interest rates will relieve local debt as it suffers from high interest payments, and will help a budget deficit that has reached almost 10.5 per cent of GDP.

A successful issuance will support a record year for foreign reserves in Egypt reaching $36.5bn, adding to financial stability.

Read: Inflation peaked as Egypt grows at 4.9 per cent


By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.