Egypt could raise up to $2 bln in Eurobond issue

Egypt could raise as much as $2 billion through a Eurobond this year and expects economic growth of close to 7 percent in three years' time, Finance Minister Hany Kadry Dimian said on Friday.

The Arab world's most populous country is in the process of rebuilding its battered finances after the uprising that toppled Hosni Mubarak four years ago hit the country's economy, discouraging investors and tourists, and slashing growth.

"I am getting advice on between $1.5-2 billion - we will see (what) our roadshow will reveal and then we will decide, but I think it will be in that region," Dimian said in an interview with Reuters.

Clarifying comments made earlier in the day in a speech to investors, he said the dollar-denominated Eurobond would be launched in June at the latest, but could come earlier.