Asian bonds, such as Samurai and Panda bonds, have been issued in Egypt to finance various projects, including climate change adaptation and mitigation efforts, sustainable transportation, renewable energy, and others. Despite the challenges that may face Asian bonds, these bonds could have a significant impact on the Egyptian economy, facilitating the country's access to capital markets and reducing its borrowing costs.

The Egyptian government has issued Panda bonds worth around $500 million in the Chinese market.

The cabinet has reapproved issuing three-year Panda bonds worth $500 million in the Chinese market, extending the issuance’s period until the end of fiscal year (FY) 2023/2024.

Egypt is looking forward to securing new external financing ranging between $1.5 and $2 billion, including $1 billion by issuing Samurai and Panda bonds by the end of 2023.

The Asian Infrastructure Investment Bank (AIIB) will guarantee more than $200 million for Egypt’s upcoming green panda bond issuance.

The Egyptian government could issue $500 million worth of panda bonds in the Chinese market in the first quarter (Q1) of the upcoming fiscal year (FY) 2023/2024, Minister of Finance Mohamed Maait said.