Egyptian Finance Minister Ahmed Kouchouk announced on Tuesday that the ministry plans to issue two billion dollars in international bonds during the second half of the current 2025-2026 fiscal year.
He added that favorable financing is available from long-term development partners on concessional terms, starting in the second half of this year.
During the “Financial Technology Conference: The Road to Investment Inclusion,” Kouchouk said that this is part of the ministry’s plan to keep total issuances below four billion dollars annually, aiming to reduce the budget’s debt by approximately one to two billion dollars per year.
The second half of the year will also see the issuance of retail bonds to citizens, broadening the investor base and diversifying the available instruments.
Kouchouk noted that the ministry is targeting a variety of instruments in general and aiming to extend the debt maturity profile.
Financial performance ‘progressing well’
The Finance Minister affirmed that financial performance and needs are progressing well, in line with targets, and that the Ministry is working to diversify its issuances, maturities, and markets.
He noted that positive macroeconomic indicators, particularly those related to investment, were positively reflected in the performance of the Egyptian Stock Exchange in 2025 and are expected to continue to positively impact the capital market in 2026.
Kouchouk added that private investment increased by 73 percent during 2025, explaining that the decline in inflation and the reduced risk level of Egyptian bonds issued abroad contributed to the increased demand.
The minister revealed that despite the decline in interest rates and inflation in Egypt, there is strong demand for government bonds issued abroad, even though the interest rates are lower, and this demand is particularly high compared to competing markets with high credit ratings.
