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Dr. Mohamed Omran, Chairman of the Egyptian Exchange (EGX) said Tuesday he expects the launch of the bond trading platform to be delayed till the third quarter of 2014.
The postponement, according to the top official, was due to the central bank’s delay to agree on the amount of bonds that would be offered in the bourse.
“We expect a deal in the first quarter of the year between the central bank and the main dealers on the amount of bonds that will be issued in the market,” Omran said in a press conference.
The bond trading platform could make it easier for investors to buy and sell securities on the bourse.
