Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Egypt: bonds

The fixed income market in Egypt is not very diversified in terms of issuers and investors. The Egyptian main market is the EGX (government-owned). It is the only registered securities exchange in Egypt and operates a multi-location platform with floors in Cairo and Alexandria. Alongside its large equity market, the EGX operates a primary and secondary bond market, although activity on the latter is limited. By the end of December 2011, there were 19 listed housing bonds and 41 treasury bonds on the exchange. The fixed income market in Egypt is dominated by government issuance. The Ministry of Finance publishes indicative daily bond yields using four different maturity bonds: 2011, 2013, 2015 and 2018. The longest available maturity is 2025. Treasury bills are auctioned on a weekly basis. The Government of Egypt also issues development bonds and housing bonds. These instruments raise financing capital for specific projects On the corporate side, the unfavourable market conditions resulted in no listings or de-listings in 2011, leaving making for five fixed rate and one floating rate corporate listings on the exchange. However, there were two listings of securitised bonds in 2011, bringing the category total to 10 by the end of the year. The number of corporate issues available in Egypt is small and fairly short-dated. The corporate bond market has issues with maturity up to eight years.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
EGP 125 1 821 748 424 000
USD 13 19 210 000 000
EUR 2 2 000 000 000
corporate
USD 10 3 217 502 500

Sovereign rating

Rating AgencyRatingRating scaleDate
Dagong Global *** International scale rating (foreign curr.) ***
Dagong Global *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
Registration required. Please log in or fill in the registration form.

Latest bond issues

issue ISIN coupon volume end of placement maturity date
Egypt, 7.625% 10nov2030, USD - International bonds XS1903489463 7.625% 1 710 000 000  USD 11/15/2018 11/10/2030
Egypt, 7.125% 10nov2026, USD - International bonds XS1903488572 7.125% 860 000 000  USD 11/15/2018 11/10/2026
Afreximbank, 5.25% 11oct2023, USD - International bonds XS1892247963 5.25% 500 000 000  USD 10/04/2018 10/11/2023
Egypt, 4.75% 16apr2026, EUR - International bonds XS1807306300 4.75% 1 000 000 000  EUR 04/09/2018 04/16/2026
Egypt, 5.625% 16apr2030, EUR - International bonds XS1807305328 5.625% 1 000 000 000  EUR 04/09/2018 04/16/2030
Egypt, 6.588% 21feb2028, USD - International bonds XS1775618439 6.588% 1 250 000 000  USD 02/13/2018 02/21/2028
Egypt, 7.903% 21feb2048, USD - International bonds XS1775617464 7.903% 1 500 000 000  USD 02/13/2018 02/21/2048
Egypt, 5.577% 21feb2023, USD - International bonds XS1775617209 5.577% 1 250 000 000  USD 02/13/2018 02/21/2023
Afreximbank, FRN 25jul2021, USD - International bonds XS1651860287 3M USD LIBOR+1.7% 41 500 000  USD 07/19/2017 07/25/2021
Afreximbank, 4.125% 20jun2024, USD - International bonds XS1633896813 4.125% 750 000 000  USD 06/13/2017 06/20/2024

World Bond market statistics

Quarterly indices

Type: III 2018 II 2018 I 2018 IV 2017 III 2017 II 2017 I 2017
BIS volume of international-bond market of emerging countries
[10283] Egyptian international bonds, USD bln 18.300 18.300 13.500 10.700 12.000 12.000 11.700
BIS net issues of international-bond market of emerging countries
[10421] International-bond net issue of Egypt, USD bln 0.100 4.900 2.800 -1.300 0.000 1.600 3.300

New issues of Emerging markets International Bonds

Yearly indices

Type: 2018 2017 2016 2015 2014
Annual new International Bonds issues (Africa)
[19809] Annual new issues of Egypt sovereign international bonds, USD bln 0.500 0.792 0.900 0.000 0.740
[19855] Annual new issues of Egypt corporate international bonds, USD bln 0.500 0.792 0.900 0.000 0.740
[19901] Annual new issues of Egypt corporate international bonds, (financial sector) USD bln 0.500 0.792 0.900 0.000 0.740
[19947] Annual new issues of Egypt corporate international bonds, (non-financial sector) USD bln 0.000 0.000 0.000 0.000 0.000

Emerging Markets International Bonds

Monthly indices

Type: Dec 2018 Nov 2018 Oct 2018 Sep 2018 Aug 2018 Jul 2018 Jun 2018
Volume of African International Bonds Markets
[21775] Egypt international bonds, USD bln 24.390 25.724 23.156 22.713 22.711 22.731 22.725
[21821] Egypt corporate international bonds, USD bln 2.892 2.892 2.892 2.392 2.392 2.392 2.392
[21867] Egypt sovereign international bonds, USD bln 21.499 22.832 20.265 20.322 20.320 20.339 20.333
show other indices

Currencies

Daily indices

Type: 01/21/2019 01/18/2019 01/17/2019 01/16/2019 01/15/2019 01/14/2019 01/11/2019
Exchange Rates (Emerging Markets)
[3647] USD/EGP 17.9247 17.8919 17.8887 17.9262 17.9137 17.9098 17.9251
show other indices

Credit Risk Indicators

Daily indices

Type: 01/18/2019 01/17/2019 01/16/2019 01/15/2019 01/14/2019 01/11/2019 01/10/2019
CDS Egypt (Interactive Data)
[13593] CDS 6M Egypt 248.0600 248.0600 241.6000 245.0900 251.4400 242.6400 210.0500
[13655] CDS 1Y Egypt 291.6700 291.6700 284.0000 287.9700 295.2500 284.5800 246.3000
[13717] CDS 2Y Egypt 335.2500 335.2500 326.5400 331.1200 339.4300 327.2700 284.0600
[13779] CDS 3Y Egypt 363.7800 363.7800 354.3800 359.3800 368.3700 355.2800 329.3500
[13841] CDS 4Y Egypt 384.6500 384.6500 374.7900 380.0800 389.5600 375.8000 355.0500
[13903] CDS 5Y Egypt 407.6400 407.6400 397.3100 402.9200 412.8700 398.4000 379.1500
[13965] CDS 7Y Egypt 429.2000 429.2000 418.9500 424.5800 434.4800 420.0800 403.1100
[14027] CDS 10Y Egypt 445.4600 445.4600 435.6900 441.0800 450.5300 436.7800 421.9800
[14089] CDS 15Y Egypt 456.4100 456.4100 447.4100 452.3900 461.1200 448.4300 435.5500
[14151] CDS 20Y Egypt 461.2500 461.2500 452.6600 457.4200 465.7600 453.6400 441.6900
[14213] CDS 30Y Egypt 465.0100 465.0100 456.8100 461.3500 469.3300 457.7500 446.6100
CDS Emerging markets (sov.) 
[11857] CDS 5Y Egypt mid   * * * *   *
show other indices

Subscription "Cbonds-Premium", "Cbonds-Trial", "Cbonds Premium Partner", "Enhanced access Cbonds-Premium", "Cbonds-Premium Personal Light", "Cbonds-Premium Personal", "Cbonds-PRO EM", "Cbonds-PRO EM Personal", "Enhanced access Cbonds-PRO EM" required. Subscribe/Get trial access

JP Morgan

Daily indices

Type: 10/30/2013 10/29/2013 10/28/2013 10/25/2013 10/24/2013 10/23/2013 10/22/2013
EMBI Global (publication was suspended since 30.10.2013) 
[3073] EMBI Global Egypt * * * * * * *
show other indices

Subscription "Cbonds-Premium", "Cbonds-Trial", "Cbonds Premium Partner", "Enhanced access Cbonds-Premium", "Cbonds-Premium Personal Light", "Cbonds-Premium Personal", "Cbonds-PRO EM", "Cbonds-PRO EM Personal", "Enhanced access Cbonds-PRO EM" required. Subscribe/Get trial access

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Egypt, 5.750% 29apr2020, USD   USD 04/29/2020 05/18/2016 ***.* *.** 05/18/2016 ***.*** *.**
Egypt, 5.875% 11jun2025, USD   USD 06/11/2025 05/18/2016 **.** *.** 05/18/2016 **.*** *.**
Egypt, 6.875% 30apr2040, USD   USD 04/30/2040 05/18/2016 ** *.** 05/18/2016 **.* *.**
Afreximbank, 3.88% 4jun2018, USD   USD 06/04/2018 05/18/2016 ***.** *.** 05/18/2016 *** *.**
Afreximbank, 4.75% 29jul2019, USD   USD 07/29/2019 05/18/2016 ***.** *.* 05/18/2016 ***.** *.*
Afreximbank, 5.750% 27jul2016, USD   USD 07/27/2016 05/18/2016 ***.* *.** 05/18/2016 ***.*** *.**
* Registration required. Please log in or fill in the registration form.
minimizeexpand
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools
×