Egyptian fund manager Misr Capital has opened subscriptions for a new fund targetting the debt market.
The fund is designed to allow investors access to low-risk channels such as medium and long-term debt, bank deposits and Egyptian treasury bills.
The firm is also looking to diversify its investor base by tapping into Egypt’s growing debt market which has the backing of the government and local regulators.
The fund will launch with an initial volume of US$6.3 million.
It is the third fund to be launched this year by Misr Capital, the investment arm of Banque Misr.
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