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Egypt to offer 3 bln Eg pounds in reopened bonds

Egypt to issue LE2 billion in three-year bonds, and LE1 billion in seven-year

Reuters, Monday 23 Apr 2012
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Egypt's Ministry of Finance will offer LE3 billion ($494.7 million) in reopened bonds at an auction on 30 April, the central bank said on Monday.

It will offer LE2 billion in reopened three-year bonds maturing on 3 April, 2015 with a coupon of 16.15 per cent, and LE1 billion in seven-year bonds maturing on April 3, 2019 with a coupon of 16.85 per cent, the bank said.

Settlement for the bonds, which the central bank is selling on behalf of the ministry, is on 1 May.

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