Egypt plans Eurobond sales following cash boost to avert crisis

Egypt is preparing to tap international markets with a dollar debt sale, or eurobonds, for the first time since 2021, Bloomberg reported, citing sources. The country aims to issue around $3 billion in external debt across various tranches by the end of this fiscal year in June, Finance Minister Ahmed Kouchouk told investors during meetings in London. Egypt last issued eurobonds in 2021, ahead of the U.S. Federal Reserve's pandemic stimulus tapering.