Egypt to Raise $1-1.5bn Foreign Bonds in Q1: Minister

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Egypt intends to raise international bonds at values ranging between $1-1.5 billion within the first quarter of next year, finance minister Hany Qadry said on Monday.

During a joint meeting with US Secretary of the Treasury Jack Lew, Qadry said Egyptian government will be tapping international bond markets. The Finance Ministry has not yet determined the maturity of the anticipated international bonds, he noted.