Egypt’s Central Bank has reached terms for $2 billion in financing from international banks, it said in a statement on Thursday.
“The central bank initiated a repurchase transaction with a consortium of international banks for a total amount of funding of $2 billion with a maturity of one-year,” the statement said.
It said the transaction was provided by the banks against the entire amount of newly issued Egyptian dollar-denominated sovereign bonds with maturities of December 2017, November 2024 and November 2028.
