Egypt’s central bank receives $4 bln from Eurobond sale

Tarek Amer, Governor of the Central Bank of Egypt, speaks during a press conference in Cairo. (File photo: AFP)

Egypt’s central bank received $4 billion on Tuesday from its Eurobond sale last week, Central Bank Governor Tarek Amer told the state news agency on Wednesday.

Egypt sold $4 billion of Eurobond in three tranches last week, raising twice as much as it initially targeted and at lower yields than expected.

Last Update: 14:07 KSA 17:07 - GMT 14:07