Egypt to fund most of FY 2026/27 needs at home
· Egyptian market news
The Finance Ministry plans to source 89-93% of its FY 2026/27 financing needs from the domestic market
Cheaper money will dominate the external mix:
New external issuances will remain below external maturities
T-bills will continue to dominate local debt:
Social bonds in the works:
REMEMBER- USD 3-4 bn international issuance envelope USD 1.5 bn sovereign sukuk USD 1 bn debut social bond USD 500 mn-equivalent sustainability Samurai bonds retail bonds
The government cut the budget sector’s external debt by around USD 2 bn
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