deskEgypt has issued approximately $500 million in Japanese yen-denominated Samurai bonds, backed by a partial credit guarantee from the African Development Bank (AfDB), in a move aimed at diversifying funding sources and extending the maturity profile of its sovereign debt.
The issuance comprises two tranches—a five-year bond rated AA+ and a 10-year bond rated AA—providing Egypt with long-term financing while broadening its investor base in international capital markets.
According to the AfDB, proceeds from the sustainability-linked bond will be allocated exclusively to projects supporting healthcare, education, renewable energy, energy efficiency, water and sanitation, digital infrastructure and inclusive economic development, in line with Egypt’s Vision 2030.
Finance Minister Ahmed Kouchouk said the successful issuance reflects international confidence in Egypt’s economic reform programme and highlighted the importance of the AfDB’s guarantee in enabling access to innovative, sustainable financing. The transaction forms part of the government’s broader strategy to diversify debt instruments, mobilise long-term capital and strengthen the resilience of public finances amid a volatile global financial environment.
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