Egypt close to issuing $500m Japan Samurai bond, foreign minister says

TOKYO: Egypt ‌is finalizing plans for its first yen-denominated bond sale in three years, ​Foreign Minister Badr Abdelatty told Reuters on a trip to Japan on Thursday. The African Development Bank said in December it would partially guarantee Cairo’s planned $500 million-equivalent Samurai bonds on the Japanese ‌markets this ‌year. “We are completing ​the ‌final ⁠steps,” ​Abdelatty said ⁠on the sidelines of an event in Tokyo, adding that he had been promoting the sale and other investment opportunities while in Japan.

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