Egypt expects its debt to become 'euroclearable' in October -minister [Reuters (UK)]
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Source: Reuters
Egypt expects its debt to become 'euroclearable' in October: minister - Reuters 4 Min Read CAIRO (Reuters) - Egypt has signed an agreement with Euroclear, Europe’s biggest settlement house for securities, to allow holders of its sovereign debt to clear transactions outside the country beginning in six months’ time, its finance minister said. Mohamed Maait also told Reuters that Egypt hopes to announce a new sovereign debt issue by the end of September and hopes it will be eligible for clearing via Belgium-based Euroclear. “Hopefully by October this year, we will be starting to launch the first part of our debt, (making it) euroclearable,” Maait said in a phone interview late on Saturday. The government is considering issuing “green bonds, samurai, panda, sukuk and infrastructure bonds”, he said. Maait was speaking from Washington, where treasury officials from around the world have gathered for the spring meetings of the World Bank and International Monetary Fund. Euroclear is due to
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