Egypt to issue green bond as MENA's ESG wave builds

By Mariam Meskin
24 Feb 2020

The Arab Republic of Egypt has hired a group of international banks to arrange its debut green bond. Though the deal will be the first sovereign issue of its kind in the Middle East and North Africa region, it adds to a string of green issuance from corporates and banks, which are developing a taste for ESG-linked debt.

Citi, Crédit Agricole, Deutsche Bank and HSBC are bookrunners, the Egyptian finance minister Mohamed Maait confirmed late last week.

A handful of MENA companies and banks have already issued in the format. They include First Abu Dhabi Bank, which in 2017 issued the first MENA green bond, and the United Arab Emirates ...

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