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Egypt to offer LE3.5 billion in reopened bonds

Reuters, Monday 9 Jul 2012
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Egypt's Ministry of Finance will offer LE3.5 billion ($577.8 million) in reopened three-year and seven-year bonds at an auction on 16 July, the central bank said on Monday.

It will offer LE2 billion in reopened three-year bonds maturing on 3 July, 2015 with a coupon of 16.15 per cent, and LE1.5 billion in reopened 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 17 July. 
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