Egypt to issue dollar-denominated Eurobond in first half of Feb

CAIRO

Egypt will issue a dollar-denominated Eurobond in the first half of February, Finance Minister Amr Al Garhy said on Wednesday.

The Eurobond, which will raise $3 billion to $4 billion, was initially slated for the end of January.

Egypt sold $7 billion in five-, 10- and 30-year bonds last year as it begins its return to international markets after turmoil following the ouster of president Hosni Mubarak in 2011.