FRA To Issue First Local Green Bonds

Giving More to Your Wealth
28 Jun 2021

The Chairman of Egypt’s FRA (Financial Regulatory Authority) revealed that Egypt will be issuing the first ever local green bonds within the coming 2-3 weeks. The bonds will be worth USD100mn. Last September, Egypt issued its first sovereign green bonds worth USD750mn. The issuance generated a lot of interest, and was oversubscribed five times. Green bonds are a fixed-income investment product that raise funds to be used exclusively for environmental projects. (Source: Enterprise (English), al-Maal)

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