Egypt targets issuing green, development bonds worth more than $500 million, deputy finance minister says

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CAIRO May 16 (Reuters) - Egypt targets issuing $500 million in green and development bonds, deputy finance minister Ahmed Kouchouk told CNBC Arabia on Monday.

Egypt regularly taps the international debt markets to fund budget shortfalls and expects a deficit of 6.6% in the fiscal year ending in June 2022.

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Reporting by Moataz Mohamed, editing by Philippa Fletcher

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