CAIRO, Jan 28 (Reuters) - Egypt is aiming to sell $2

billion worth of international bonds by Feb. 4, according to a

disclosure to the London Stock Exchange by JPMorgan Securities,

a bookrunner for the deal.

The bond issuance, the first in U.S. dollars in four years,

will extend maturities in a country where over the last few

years government financing has been mostly short-term, said an

Egyptian banker who declined to be named.

"The vast majority of Egypt debt is very short-term so it's

risky and not healthy, which puts lots of pressure on yields and

the debt service bill," the banker said.

Egypt pledged to extend the maturities of its debt as part

of the $8 billion financial support package it signed with the

International Monetary Fund in March last year.

The sale will be split into two tranches, with maturities of

five and eight years, and indicative yields of 9.25% and 10%,

respectively.

It will be Egypt's first international bond sale since 2021,

when it issued $6.75 billion in dollar-denominated bonds.

The new bonds will be listed on the London Stock Exchange.

Egypt is aiming to raise between $3 billion and $4 billion

in international debt by the end of the current fiscal year in

June, the finance minister has said previously.

It needs to repay 750 million euros of bonds maturing in

April, $1.5 billion of dollar-denominated bonds in June and a

further $750 million of green bonds due in October, according to

the Finance Ministry.

Citigroup Global Markets Limited is arranging the issue.