CAIRO - 4 June 2026: Egypt is moving ahead with plans to issue its first yen-denominated bonds in three years, Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty told Reuters during his visit to Japan on Thursday.
The planned issuance, known as Samurai bonds, is expected to be partially guaranteed by the African Development Bank, which said in December that the offering would be equivalent to $500 million in the Japanese market.
Speaking on the sidelines of an event in Tokyo, Abdelatty said Egypt was “completing the final steps” of the issuance, while also promoting broader investment opportunities during his visit.
He added that Egypt held extensive talks with Japanese officials on monetary and financial support, particularly budget support and the planned Samurai bond sale.
The move comes as Egypt continues to seek diversified financing sources after receiving support from major real estate investments and an $8 billion IMF loan in recent years. However, the war with Iran has added pressure on the country’s finances through higher energy costs and rising inflation.
The planned sale would mark Egypt’s third issuance in Japanese yen, following previous Samurai bond offerings in 2022 and 2023.
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