The Ministry of Finance has issued a “double tranche” sovereign sukuk on Tuesday (07/10/2025) worth 1.5 billion dollars, which witnessed a significant demand, as subscription requests exceeded 9 billion dollars.
The first tranche includes a 3.5-year Sukuk worth 700 million dollars with a yield of 6.375% due in 2029, while the second tranche includes a 7-year Sukuk worth 800 million dollars with a yield of 7.950% due in 2032, which is lower than the current yield of Egypt’s sovereign bonds “Eurobond” in the secondary market with terms up to 5 years with a yield of 7.5%.
The Ministry of Finance is seeking to implement an ambitious strategy to improve the government’s debt indicators, which focuses on diversifying financing tools and sources and expanding the investor base, in a way that contributes to reducing the cost of financing and extending the life of the debt, taking into consideration the continuous work to reduce external debt on a sustainable annual basis.
