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| 18 February, 2018

Egypt aims to sell Eurobonds worth $3-$4bln in FY18/19- deputy finance minister to Al Arabiya

Egypt raised $4bln in a dollar-denominated Eurobond sale that closed late on Tues.

A man walks past a currency exchange bureau advertisement showing an image of the U.S. dollar in Cairo, Egypt October 13, 2016. Image for illustrative purposes.

A man walks past a currency exchange bureau advertisement showing an image of the U.S. dollar in Cairo, Egypt October 13, 2016. Image for illustrative purposes.

REUTERS/Mohamed Abd El Ghany

CAIRO- Egypt aims to sell Eurobonds worth $3-4 billion in the 2018-2019 fiscal year which begins in July, deputy finance minister Ahmed Kouchouk told the Saudi-owned Al Arabiya television network on Sunday.

Egypt raised $4 billion in a dollar-denominated Eurobond sale that closed late on Tuesday, the finance ministry said, in bonds issued in five, 10- and 30-year tenors.

The finance ministry is set to begin talks this month with European banks to issue euro-denominated Eurobonds expected to valued at 1-1.5 billion euros and sold next April, Finance Minister Amr El Garhy told Reuters on Wednesday.

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(Reporting by Ehab Farouk; Writing by Nadine Awadalla; Editing by Toby Chopra) ((mailto:Nadine.Awadalla@thomsonreuters.com;))