Encouraged by the success of Egypt’s launch of the $4bn three-tranche bond issue at the end of January, Finance Minister ‘Amr al-Garhy says the monetary authorities are currently studying the possibility of issuing Chinese renminbi-denominated “Panda bonds” and Japanese yen-denominated “Samurai bonds,” without specifying how much his country will seek to borrow.

Mr Garhy says the proceeds of January’s bond issue, which was more than three times...