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Bond Market News
Egypt Plans to Raise $4bn From Bond Markets
June 9, 2026
Egypt plans to raise $4bn from international bond markets to help cover external financing needs of $8–9bn for the fiscal year 2026–27, which begins in July. Finance Minister Ahmed Kouchouk noted that half of the total requirement has already been secured through concessional financing. Regarding the issuance, Egypt recently priced a $1bn sovereign bond and is targeting a new samurai bond by July, having previously issued $500mn of yen-denominated paper in March 2022 and another $500mn tranche in November 2023. On the broader fiscal path, the 2026–27 budget targets a deficit of 5% of GDP, with the debt-to-GDP ratio forecasted to decline to 78% by June 2027 from 87% in the prior year. Kouchouk also flagged ambitions to reduce foreign debt by $1–2bn in the upcoming budget, supported by higher export revenues and proceeds from the sale of state-owned enterprises. Around 20 government entities are planned for listing on the local bourse.
Egypt’s 7.3% 2033s were up at 98 cents on the dollar, yielding 7.6%
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