Egypt to Pay Energy Companies Via Bond Sale, Dimian Says
Egypt will pay back about $6 billion it owes to energy companies, including with proceeds from a bond sale that’s to take place “very soon,” the country’s finance minister said.
“We appreciate the patience and we expect them to hold up with us for a little bit longer, but it’s coming soon,” Hany Kadry Dimian said of the payment in an interview in Washington yesterday. “They’ve benefited well from investing in the country and we expect equally that when the economy is undergoing hardship, they stand shoulder to shoulder with us.”
