Egypt Raises $500 Million by Reopening Existing Dollar Bonds

Egypt returned to the international debt market on Tuesday, raising USD 500 million (EGP 27.65 billion) by selling additional bonds under two existing dollar issues, the Finance Ministry said.

The sale added USD 150 million (EGP 8.3 billion) to a bond maturing in 2030 and USD 350 million (EGP 19.36 billion) to one maturing in 2033, giving the new money an average maturity of about five years. Selling more of an already-trading bond, known as a reopening, lets a government raise money without creating a new security.

The ministry said the sale was part of a strategy to diversify its funding tools and markets, reach new types of investors and lengthen the average life of the country’s debt. It said it returned despite global economic challenges, geopolitical tensions and heightened uncertainty.

The ministry also renewed a pledge to cut the external debt of state budget entities by USD 1 billion (EGP 55.30 billion) to USD 2 billion (EGP 110.60 billion) a year, by repaying more each year than it borrows abroad. It said it reduced that debt by about USD 2.4 billion (EGP 132.72 billion) in the last fiscal year.

Officials said the success of recent government and private offerings reflected improved investor confidence in the Egyptian economy, and that they intended to keep up the pace of economic and fiscal changes.

Egypt has tapped a range of financing sources in recent months. It issued international sovereign sukuk, or Islamic bonds, in October 2025, and social bonds in May 2026. In June, it sold sustainable Samurai bonds, which are issued in Japan. The ministry said the proceeds of the sustainability-linked issues are earmarked for the United Nations’ sustainable development goals.