Egypt plans $2 billion worth of Samurai bonds
Proceeds from Samurai bonds will be used to repay debts of Egyptian General Petroleum
Cairo: Egypt plans to issue $2 billion (Dh3.74 billion) worth of Japanese yen denominated bonds in the coming week, two government sources said.
Proceeds from the issue of so-called Samurai bonds will be used to repay debts of state oil company Egyptian General Petroleum Corp (EGPC), said the sources, speaking on condition of anonymity.