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Funding issuanceEgyptVerified brief

Egypt cabinet approves up to $3.0bn international bond programme for FY2026/27, includes Panda option

On 3 September 2026 Egypt's cabinet approved a plan for up to $3.0 billion of international bond issuances in fiscal year 2026-27, covering conventional and innovative formats and including credit‑guaranteed Panda bonds; execution will depend on investor demand and market conditions.

MSA Market DeskEvent 3 September 2026Reviewed 1 min read

The desk brief

On 3 September 2026 Egypt's cabinet approved a plan for up to $3.0 billion of international bond issuances in fiscal year 2026-27, covering conventional and innovative formats and including credit‑guaranteed Panda bonds; execution will depend on investor demand and market conditions.

A $3bn international programme increases potential supply pressure on Egypt’s USD sovereign curve, especially the belly and long end if issuance is concentrated there. A Panda/CNY tranche would shift creditor composition toward Chinese onshore investors and alter reserve and FX transmission dynamics, but actual pricing and curve impact depend on timing, tranche mix, and demand conditions.

Ministry of Finance to announce timing, tranche sizes and lead managers; execution remains contingent on demand.

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Price Discovery

Egypt sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

18 priced bonds
10.71%9.66%8.61%7.56%6.52%20272035204420522061Egypt 27 · Jan 2027 · 7.124%Egypt 27 Sept · Sept 2027 · 7.071%Egypt 28 · Feb 2028 · 7.133%Egypt 29 · Mar 2029 · 7.741%Egypt 30 · Feb 2030 · 7.911%Egypt 31 · Feb 2031 · 8.221%Egypt 32 Jan · Jan 2032 · 8.653%Egypt 32 May · May 2032 · 8.684%Egypt 33 Feb · Feb 2033 · 8.760%Egypt 33 Sept · Sept 2033 · 8.753%Egypt 40 · Apr 2040 · 8.893%Egypt 47 · Jan 2047 · 10.146%Egypt 48 · Feb 2048 · 10.136%Egypt 49 · Mar 2049 · 10.127%Egypt 50 · May 2050 · 10.144%Egypt 51 · Sept 2051 · 10.156%Egypt 59 · Nov 2059 · 10.130%Egypt 61 · Feb 2061 · 10.056%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Egypt 27Jan 2027100.0637.124%
  • Egypt 27 SeptSept 202798.8757.071%
  • Egypt 28Feb 202899.3137.133%
  • Egypt 29Mar 202999.6887.741%
  • Egypt 30Feb 2030102.0007.911%
  • Egypt 31Feb 203191.6258.221%
  • Egypt 32 JanJan 203293.3758.653%
  • Egypt 32 MayMay 203295.3758.684%
  • Egypt 33 FebFeb 2033103.2508.760%
  • Egypt 33 SeptSept 203392.5638.753%
  • Egypt 40Apr 204084.3138.893%
  • Egypt 47Jan 204785.93810.146%
  • Egypt 48Feb 204880.62510.136%
  • Egypt 49Mar 204987.43810.127%
  • Egypt 50May 205088.68810.144%
  • Egypt 51Sept 205187.31310.156%
  • Egypt 59Nov 205981.18810.130%
  • Egypt 61Feb 206175.43810.056%

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