CAIRO, Jan 15 (Reuters) - Egypt will target a Eurobond issue worth $2 billion to $2.5 billion when it begins its international roadshow this week, Finance Minister Amr El Garhy said on Sunday.
Garhy said the roadshow would begin on Monday with the United Arab Emirates and take in the United States and United Kingdom and was expected to end on Jan. 24 or 25.
Egypt had planned to begin a roadshow in November but later said it was postponed due to market volatility.
Egypt is working to control its deficit, Garhy said, forecasting that the budget gap would reach about 10.1 percent by the end of the 2016-17 fiscal year.
(Reporting by Asma Al Sharif, Writing by Lin Noueihed; Editing by Catherine Evans) ((lin.noueihed@thomsonreuters.com; +202 2 394 8039; Reuters Messaging: lin.noueihed.thomsonreuters.com@reuters.net))
Garhy said the roadshow would begin on Monday with the United Arab Emirates and take in the United States and United Kingdom and was expected to end on Jan. 24 or 25.
Egypt had planned to begin a roadshow in November but later said it was postponed due to market volatility.
Egypt is working to control its deficit, Garhy said, forecasting that the budget gap would reach about 10.1 percent by the end of the 2016-17 fiscal year.
(Reporting by Asma Al Sharif, Writing by Lin Noueihed; Editing by Catherine Evans) ((lin.noueihed@thomsonreuters.com; +202 2 394 8039; Reuters Messaging: lin.noueihed.thomsonreuters.com@reuters.net))
