Q&A with World Bank senior financial officer Concepcion Aisa on Egypt’s first of its kind sovereign green bonds
- Date: 05-Nov-2020
- Source: Ahram
- Sector:Financial Services
- Country:Egypt
Q&A with World Bank senior financial officer Concepcion Aisa on Egypt’s first of its kind sovereign green bonds
In September, Egypt issued its first sovereign green bonds “” the first of a kind in the Middle East and North Africa (MENA) region “” worth $750 million, signalling its commitment to its environmental and sustainable development goals.
In October, the country went further through offering such bonds on the London Stock Exchange (LSE) in five-year terms.
Through the issuance, Egypt managed to attract 16 new investors from Europe, the US, East Asia and the Middle East, at 47 percent, 41 percent, six percent and six percent respectively, in terms of asset managers, investment and insurance funds, pension funds and high-quality banks that keep their investments over longer terms.
The World Bank is expected to extend the required technical assistance for preparing and issuing annual reports regarding the
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