Egypt to offer LE4 bln in 3- and 5-year bonds

Reuters, Monday 19 Mar 2012

Egypt's finance ministry will offer LE4 billion in three-year and five-year bonds at an auction on 26 March, the central bank said on Monday.

The three-year bonds mature on 17 January 2015 and have a 16.15 per cent coupon. The five-year bonds mature on 17 January 2017 and carry a 16.35 per cent coupon.

Settlement is on 27 March.

The central bank is acting on behalf of the finance ministry.

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