October 17, 2018 / 9:16 AM / a month ago

Egypt plans to issue international sovereign sukuk in 2019-2020 -minister

CAIRO, Oct 17 (Reuters) - Egypt plans to issue its first international sovereign sukuk, or Islamic bonds, in the 2019-2020 financial year, Finance Minister Mohamed Maait told Reuters on Wednesday.

Maait did not say what the size of the planned offering would be. Egypt is aiming to issue about $20 billion in foreign denominated bonds by 2022. (Reporting by Ehab Farouk Writing by Aidan Lewis Editing by Matthew Mpoke Bigg)

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