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JP Morgan listing boosts Egypt’s access to debt markets

JP Morgan placed Egypt on its Index Watch Positive on April 9, meaning the North African country should be relisted on JP Morgan’s Government Bond Index Emerging Markets within six months.
Chris McGrath/Getty Images

The relisting of Egypt on JP Morgan's GBI-EM index is being hailed as a major step for the country’s capital markets.

The country’s listing may invigorate its access to cheaper sovereign debt instruments as governments worldwide bank on international bond issuances. JP Morgan placed Egypt on its Index Watch Positive on April 9 in a step toward relisting the North African country on JP Morgan’s Government Bond Index Emerging Markets within six months.

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