Egypt’s dollar bond is delayed until mid-January – FinMin

Egypt plans to launch international bonds ranging between $2 billion and $2.5 billion within the first half of next January, the country’s finance minister said Monday.

“The launch was supposed to be within this November, but the U.S. elections and impact on international bonds market were behind the postponement decision.” Finance Minister Amr el-Garhy said during a speech in an economic conference in Cairo.

The Egyptian minister said his country further plans to launch another tranche of international bonds which will also worth of $2-2.5 billion within the second half of January.