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A document revealed that, today, Tuesday, Egypt began marketing green bonds denominated in dollars for a period of five years at about 5.75 percent, in the first issuance of this type of bond by a government in the Middle East and North Africa.
The offering is expected to be of standard size, which generally means that it will not be less than $ 500 million.
The debt sale will be completed later on Tuesday, and the proceeds will be used to finance or refinance green projects in sectors such as transportation, renewable energy and energy efficiency.
Credit Agricole, Citi, HSBC and Deutsche Bank were tasked with arranging the deal.
- The situation in Egypt