Egypt's cabinet said on Thursday it had approved a plan to raise around $3 billion through international bond issuances in the financial year 2026-27. The bond program includes conventional and innovative bonds as well as credit-guaranteed Panda bonds, with execution subject to investor demand and market conditions, the cabinet statement read, Reuters reported. The cabinet said the finance ministry raised $4 billion across four issuances in financial year 2025-26. Those included sovereign sukuk, social bonds and African Development Bank-guaranteed Samurai bonds, along with the re-opening of outstanding bonds, as part of a strategy to cut external debt and diversify funding sources, it added.
