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Egypt to offer LE3.5 bln in reopened bonds

New reopened bonds are offered by ministry of finance will be matured in 2015

Reuters, Sunday 22 Jul 2012
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Views: 419

Egypt's Ministry of Finance will offer LE3.5 billion ($577.1 million) in reopened three-year and seven-year bonds at an auction on July 30, the central bank said on Sunday.

It will offer LE2 billion in reopened three-year bonds maturing on July 3, 2015 with a coupon of 16.15 per cent, and LE1.5 billion in reopened 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 July 31. 

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