زيادة إقبال المستثمرين على السندات المصرية رغم المخاوف الدولية
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00:00 Despite the international concern about the Egyptian economy and the trust of investors
00:05 from outside the economy, the Egyptian bonds and debt this time again attract the eyes
00:10 of investors.
00:11 And in the previous time, actually with the beginning of this year, we saw a decline and
00:14 a fear of investors from entering and buying the Egyptian debt, and that is because of
00:20 the declines and the pressure that was, first of all, the fear was from the decline of the
00:25 local government and the decline of the Egyptian government recently.
00:31 But let us focus on the Egyptian bonds and the continuation of the acceptance of them
00:35 and the return of investors to this kind of Egyptian debt.
00:39 The euro-based bonds, we saw the proposal on August 14, the period has 364 days and
00:45 the value was around 600 million euros.
00:48 The value of the offers exceeded 800 million euros for these bonds.
00:54 The demand for the offer was also 1.3% compared to the previous period.
01:00 And this is what we were talking about, that is, the trust of investors again on what
01:04 seems to be the Egyptian debt.
01:06 And that is after the big fears.
01:08 But in the previous time, even the government said that there will be no other decrease
01:13 in the local currency and the pounds during this or during the next period.
01:17 And this is what is done to earn more foreign currency inside the Egyptian market.
01:24 The result was that we are talking about the value of the bonds that exceed 626 million euros.
01:29 The average interest rate on it is 4%.
01:31 And we saw the trends in relation to what the Egyptian central bank did in a sudden step
01:37 in its last meeting, which reached the interest rate of 1,100 points.
01:42 But on the other hand, there are still some fears related to the trust of investors
01:49 and the Egyptian economy.
01:51 Recently, we are talking about Moodies, which extended the period of reviewing the
01:55 balance sheet for three additional months due to the delay in the implementation of the
01:59 offers program, which does not even go down to the program that was within the limits
02:03 of the income, which reached 1.9 billion dollars.
02:07 And it is still less than what the Egyptian government expected to earn or be more than
02:13 this and exceed two billion dollars.
02:15 Even from the part of the Citigroup, which said and did a reduction in the recommendation
02:19 to buy Egyptian bonds due to the delay in the sale of government assets.
02:23 This is in relation to the program and the offers program that were announced at a previous
02:28 time by the Egyptian government, which will be with the next general release.
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