Egypt: Green bond to finance wind and solar plants

Issue 425 - 22 Oct 2020

The Egyptian government listed the Middle East and North Africa’s first green bond on the London Stock Exchange’s Sustainable Bond Market on 6 October. High demand for the bond enabled it to increase the size of the offering from $500m to $750m while getting a good price from the market, achieving the country’s lowest ever five-year coupon.The 5.25% note is due in October 2025. 

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