Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Bloomberg: Egypt is Africa’s Most Prolific Issuer of Eurobonds


Tue 09 Apr 2019 | 03:27 PM
Yassmine Elsayed

By: Yassmine ElSayed

 

CAIRO, Apr. 9 (SEE) - Egypt has been by far Africa’s most prolific issuer of Eurobonds since the start of 2017, selling more than $22 billion of securities, Bloomberg reported.

The official figures reveal that they are more than the combined issuance of Nigeria and South Africa, the continent’s biggest economies.

The most populous Arab nation has turned itself into an emerging-market darling since a sweeping reform program in late 2016, which included a major currency devaluation and entering a $12 billion bailout program with the International Monetary Fund.