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Egypt to offer LE3 billion in reopened bonds

Reuters, Monday 7 May 2012
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Views: 541

Egypt's Finance Ministry will offer LE3 billion ($496.2 million) in reopened bonds at an auction on 14 May, the central bank said on Monday.

It will offer LE2 billion in 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 3 April 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 15 May.
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