CAIRO – The Cabinet, under Prime Minister Moustafa Madbouli, approved measures for the issuance of “Samurai bonds” in Japanese yen worth a total value of $500 million and with a maturity period of five years.
Egypt’s success in securing new issuance of the Japanese bonds asserts its ability to make a resurgence in the Japanese financial arena by successfully issuing its second international “Samurai” bonds and acquiring that targeted financing of foreign currency.
The move underscores the strength of the Egyptian economy and the trust put by Japanese investors in it.
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