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FINANCIAL NEWS
Egypt to repay global bonds value USD3bn in Dec 2016
17 Aug 2016
(MENAFN) Egypt will repay international bonds worth USD3bn, which were issued on 17 Dec 2013, in which the returns of these bonds are almost 3.5 percent.
Additionally, the country repaid foreign dues worth USD2.25bn in July, which was divided between USD1.02bn bonds owed to Qatar.
Moreover, USD715mn debts were also owed to Paris Club, USD250mn owed to Libya, USD207mn debts to the National Petroleum Authority.
Accordingly, there are other bonds worth USD3.5bn that will be repaid in the period from 1 June 2017 to 29 April 2040.
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