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Wednesday, September 30, 2020 22:26 GMT
Egypt on Tuesday issued its first-ever green sovereign bonds, the first in the Middle East and North Africa (MENA), as part of its efforts to implement renewable energy projects to combat pollution. Green bonds are debt instruments to obtain financing for projects related to the climate or environment, according to a statement by Egypt’s Finance Ministry. The state used Credit Agricole, CIB and HSBC Holding banks as structural advisors. Citigroup, Credit Agricole, Deutsche and HSBC banks were...More