Business


Egypt to sell $1b dollar debt



Cairo: Egypt will seek to sell $1 billion of dollar-denominated treasury bills after Moody's Investors Service said delaying International Monetary Fund aid threatens the nation's financial stability. The Arab country also wants to raise one billion Egyptian pounds ($162 million) of three-year local-currency bonds and 500 million pounds of seven-year securities, according to central bank data on Bloomberg. The dollar-bill sale comes as a similar amount of the notes matures this month, the data show.

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