Egypt to issue green, Islamic, variable-yield bonds within 2 years: minister

Egypt is looking to issue three new bond offerings within the next two years, its Finance Minister Mohamed Maait said on Monday.

The offerings will include the issuance of green, Islamic or sukuk, and variable-yield bonds, Maait added during a local financial newspaper conference.

So-called green bonds are fixed income securities that raise capital for projects with environmental benefits, such as renewable energy, energy efficiency, green transport, and waste-water treatment.

A variable-rate demand bond is a type of bonds with floating coupon payments that are adjusted at specific intervals.