Cabinet approves $3B international releases

The Egyptian Cabinet has approved a plan to issue international bonds worth up to $3 billion during the fiscal year 2026/2027, aimed at diversifying financing tools and reducing risks. The focus will be on issuing bonds and shrinking the external debt, which has been reduced by $6.5 billion over the past three years. It was also announced that four bond issuances totaling $4 billion were carried out last year, with maturities ranging from 2 to 6 years. Expectations point to strong performance of Egyptian debt instruments and a decline in insurance premiums against default risk, fueled by increasing investor confidence.