Egypt is preparing to issue a €2 billion eurobond as part of a broader strategy to diversify its financing sources, reduce borrowing costs and extend the maturity profile of its public debt, the government has said.
Finance Minister Ahmed Kouchouk said the planned issuance is expected in the second half of the 2025/26 fiscal year, which runs from July 2025 to June 2026. The move aims to attract a wider pool of international investors while easing reliance on short-term domestic borrowing and bilateral or multilateral financing.
The eurobond will form part of Egypt’s wider external funding programme, under which total international bond issuance is projected to be capped at around $4 billion in 2026. Authorities say the approach is designed to strike a balance between maintaining market access and managing debt sustainability.
Egypt last tapped international capital markets in January 2025, raising $2 billion through five- and eight-year bond tranches. The issue drew solid investor demand despite relatively high yields, reflecting cautious but improving sentiment toward the country’s debt.
The planned eurobond issuance comes as Egypt continues discussions with the International Monetary Fund under its Extended Fund Facility and Resilience and Sustainability Facility, while pursuing fiscal reforms aimed at stabilizing public finances and easing pressure on borrowing costs.
By diversifying funding instruments and extending maturities, the government hopes to improve debt management, lower refinancing risks and support macroeconomic stability amid ongoing economic adjustments.
