Thndr Claps » EGY Claps » Economy 🏙 » Egypt preps to issue green bonds🟢
The ClapThe Ministry of Finance could issue green bonds, which are bonds that aim to finance sustainability projects, depending on capital markets conditions.
DeetsThe issuance would come during the current fiscal year & total $500 million.
You should knowEgypt was one of the first countries in the region to issue green bonds when it issued $750 million in green bonds in 2020.
Why this mattersEgypt has been issuing different types of bonds recently, from Japanese Yen-denominated bonds to Chinese Yuan-denominated bonds.
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