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Egypt , Friday 16 October 2026

Egypt issues Chinese yuan-denominated panda bonds for the first time, getting lower rate than dollar-based debt

Published on: Tuesday 17 October 2023

Egypt issues Chinese yuan-denominated panda bonds for the first time, getting lower rate than dollar-based debt Egypt has issued Chinese yuan-denominated bonds for the first time amid a scramble by the debt-crippled country pay back its foreign loans. Three-year bonds worth 3.5 billion yuan, or about $479 ...


News source: https://markets.businessinsider.com/news/currencies/dedollarization-egypt-chinese-yuan-panda-bonds-lower-rates-dollar-debt-2023-10

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