FRA issues regulations, measures for short-term bonds issuance

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Mon, 03 Dec 2018 - 01:33 GMT

FILE – Chairperson of the Egyptian Financial Supervisory Authority (EFSA), Mohamed Omran

FILE – Chairperson of the Egyptian Financial Supervisory Authority (EFSA), Mohamed Omran

CAIRO - 3 December 2018: Financial Regulatory Authority (FRA) Chairman Mohamed Omran said the FRA board took a decision concerning regulations and measures of issuing short-term bonds whose maturity is less than two years.

In a statement on Monday, he said the board decided the companies and authorities to be in charge of issuing the short-term bonds.

The board also set the key rules for any company or authority seeking to issue short-term bonds.

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