Home Industry Finance Egypt prepares to issue region’s first green sovereign bond Egypt seeks to raise $500m from the offering by Bloomberg September 28, 2020 Egypt is preparing to sell its first-ever green bond as the North African country looks to diversify its sources of financing and investors. The issuance would be the first of its kind by a sovereign in the region, the Finance Ministry said Sunday in a statement. It mentioned a portfolio of Egyptian green projects worth $1.9bn, including pollution reduction, renewable energy, clean transportation and sustainable water management. Egypt, which seeks to raise $500m from the offering, has selected Deutsche Bank, Citibank, HSBC Holdings, Credit Agricole to manage the sale, the ministry said in February. Tags Clean Transportation Egypt Green bond Pollution Reduction Renewable Energy 0 Comments You might also like Egypt’s net foreign assets decline by $3.25bn in November Egypt to receive $1.2bn as part of IMF programme in January, finmin says IMF grants Egypt initial approval of $1.2bn on fourth review AD Ports Group awards construction contract for new terminal in Egypt
