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Emerging MarketsAfrica

Egypt steams on with diversification as sukuk debut approaches

AdobeStock_Egyptflag_575x375_01Sept2020

Egypt, which has already entered international debt markets twice this year, is on its way to debuting in the sukuk market following cabinet approval for an Islamic financing bill. The sovereign raised its debut syndicated loan in September that included an Islamic tranche, which bankers said was a fitting prelude to a sukuk.

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