Egypt will choose four to five international banks to arrange its next dollar-denominated Eurobond issuance, Finance Minister Amr El-Garhy told Reuters on Tuesday. "Egypt will conduct a short roadshow to promote the Eurobonds issuance in January," he said.

The dollar-denominated Eurobonds would be worth $3 billion to $4 billion. "About 22 banks, including all the prominent ones, have applied to arrange the latest Eurobond issuance," the minister said. Earlier this year, the government sold $7 billion in 5-, 10- and 30-year bonds, part of its return to international markets after turmoil following the ouster of president Hosni Mubarak in 2011.

Copyright Reuters, 2018