Egypt reopens international bond issuances worth $500 mln

Egypt has reopened existing international bond issuances worth $500 million, as the government seeks to diversify its funding sources and extend debt maturities amid geopolitical tensions and economic uncertainty, the Finance Ministry announced on Tuesday.

The reopening comprises $150 million in three-year bonds maturing in 2030 and $350 million in six-year bonds maturing in 2033, with an average tenor of around five years, the ministry explained in a statement.

The ministry said the transactions reflected its ability to engage with international investors and meet its financing targets by diversifying funding instruments and markets, broadening the investor base and extending the average life of debt.

Egypt remains committed to reducing the external debt of budget-sector entities by between $1 billion and $2 billion annually, the ministry said, adding that the debt had declined by around $2.4 billion in the last fiscal year.

The government aims to repay more in external debt each year than it borrows, the ministry added.

It also reaffirmed its commitment to maintaining the pace of economic and fiscal reforms, saying the recent success of government and private-sector offerings reflected improving investor confidence in the Egyptian economy.

The ministry said it had met the financing needs of budget-sector entities by diversifying funding sources and instruments. These included international sovereign sukuk issued in October 2025, social bonds issued in May 2026, and sustainable Samurai bonds issued in June 2026.

Proceeds from the instruments were allocated to achieving sustainable development objectives, the ministry said.