CAIRO – Egypt has issued $4 billion in foreign currency bonds and the sale was oversubscribed fivefold, attracting $21.5 billion in bids, the Finance Ministry said on Wednesday.
The issue included $750 million in five-year bonds, $1.75 billion in 10-year bonds and 1.5 billion in 30-year bonds, and the proceeds will be used to finance the state budget, the ministry said.(Reuters)