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CAIRO, Jan 31 (Reuters) - Egypt will issue no more international bonds during the 2016-2017 fiscal year following a $4 billion Eurobond sale this month, financial newspaper Al-Borsa said on Tuesday, quoting Deputy Finance Minister Ahmed Kouchouk.
Finance Minister Amr El Garhy said this week that he was considering debt issuances in other international currencies such as the yen or yuan but that it was too early to say when or how much Egypt might seek to borrow.
The Eurobond sale raised twice the sum targeted and at lower yields than initially expected, prompting some economists and bankers to suggest Egypt could tap the market again soon.
Kouchouk told Al-Borsa that sale would cover Egypt's financing gap for the current fiscal year as well as part of the next.
Egypt's fiscal year begins in July.
(Reporting by Ehab Farouk; Writing by Eric Knecht; editing by John Stonestreet) ((eric.knecht@thomsonreuters.com; +20 2 2394 8102; Reuters Messaging: eric.knecht.thomsonreuters.com@reuters.net))
Finance Minister Amr El Garhy said this week that he was considering debt issuances in other international currencies such as the yen or yuan but that it was too early to say when or how much Egypt might seek to borrow.
The Eurobond sale raised twice the sum targeted and at lower yields than initially expected, prompting some economists and bankers to suggest Egypt could tap the market again soon.
Kouchouk told Al-Borsa that sale would cover Egypt's financing gap for the current fiscal year as well as part of the next.
Egypt's fiscal year begins in July.
(Reporting by Ehab Farouk; Writing by Eric Knecht; editing by John Stonestreet) ((eric.knecht@thomsonreuters.com; +20 2 2394 8102; Reuters Messaging: eric.knecht.thomsonreuters.com@reuters.net))
