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CAIRO — Egypt is hoping to appeal to Asian investors by issuing so-called Samurai bonds in Japanese yen and Panda bonds in Chinese yuan.
The Egyptian Ministry of Finance officially announced Feb. 3 that it will launch the bonds in Asian markets in February or March. The ministry has yet to reveal the value of the Egyptian bonds in Asian currencies, the details of the banks that are expected to issue them or even the bonds’ intended interest rates.
