Egypt issues 500 million USD Samurai bonds on Japanese market

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Egypt issues 500 million USD Samurai bonds on Japanese market

STORY: Egypt issues 500 million USD Samurai bonds on Japanese market DATELINE: March 25, 2022 LENGTH: 00:00:59 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the headquarters of Finance Ministry in Cairo 2. a shot of the logo of the ministry 3. various of Egypt's Finance Minister Mohamed Maait speaking 4. various of the headquarters of Finance Ministry 5. various of the Central Bank of Egypt STORYLINE: Egypt's Finance Ministry announced on Thursday that the country has issued 60 billion yen (about 500 million U.S. dollars) in five-year Samurai bonds on the Japanese market. Therefore, Egypt became the first country in the Middle East to issue international bonds denominated in Japanese yen on the Japanese market, the ministry said. It is Egypt's first international offering since it has devalued its currency by 14 percent against the dollar on Monday. The Finance Ministry made the issuance through a credit guarantee from the Sumitomo Mitsui Banking Corporation and the coverage of Nippon Export

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