Egypt mulling bond issuance in multiple currencies: minister of finance

RIYADH: Egypt is considering issuing bonds denominated in Emirati dirhams, Indian rupees, and Hong Kong dollars as part of its diversified financing strategy.

On the sidelines of the Asian Financial Forum, the North African country’s Minister of Finance, Mohamed Maait, told the Emirates News Agency that discussions are underway with Hong Kong’s Secretary for Financial Services and the Treasury Christopher Hui.

The objective is to explore prospects for issuing bonds denominated in the Special Administrative Region’s currency.