- Will AI disrupt the payments industry in 2026? Izak van Heerden, Senior Manager: Development at Altron FinTech
- African Banks and Institutions must Lead on Urbanisation Finance – or Risk being Sidelined by Foreign Investors, says Pan-African banker
- How to Survive When Your Business Hits a Wall
- Driving business efficiency across the fintech ecosystem
- Accion Announces Close of $61.6M Second Accion Venture Lab Fund Investing in Early-Stage Inclusive Fintech
Fitch Ratings Assigns Egypt ‘B’ rating for the new US$1.5bn 2025 Bond
Cairo, Egypt (Capital Markets in Africa):- Fitch Ratings has assigned Egypt’s US$1.5bn global bond maturing 11 June 2025 a ‘B’ rating. The bonds have a coupon rate of 5.875%. The proceeds will be used for the general budgetary purposes of the government.
According to Fitch, the rating is in line with Egypt’s Long-term foreign currency Issuer Default Rating (IDR) of ‘B’ with a Stable Outlook and would be sensitive to changes in Egypt’s Long-term foreign currency IDR.
On 19 December 2014 Fitch upgraded Egypt’s Long-term foreign currency IDR to ‘B’ from ‘B-‘.