Egypt Becomes First MENA Country to Issue Chinese Yuan-Denominated Bonds
Eygpt has reportedly become the first Middle East North Africa (MENA) region country to issue so-called “panda bonds” after it issued Chinese yuan denominated bonds worth $479 million. Issuing panda bonds marks another step in Egypt’s attempts to move away from costly dollar denominated loans. Egypt’s Worsening Debt Affordability Egypt, one of Africa’s heavily indebted…
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