Egypt postpones non-eurobond issuances into FY2019-2020:Maait

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Egypt will not issue yen- and yuan- denominated bonds (also known as Samurai and Panda bonds) — or green bonds or sukuk, for that matter — before the next fiscal year, Finance Minister Mohamed Maait announced.

The issuances were originally planned to take place in the current fiscal year but have been postponed to give the government more time to prepare and to comply with Euroclear regulatory requirements, Maait clarified.

The government is also working to meet requirements for Egyptian debt to join the JPMorgan Emerging Market Bond Index.

The Finance Ministry had said last week that Egypt would not tap the international debt market again this fiscal year, after successfully issuing EUR 2 billion worth of eurobonds on the London Stock.  Exchange.