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Egypt sells LE3 billion in 2-year bonds

Reuters, Monday 25 Jul 2011

Five hundred million dollars-worth of government bonds sold

Egypt's Finance Ministry said on Monday it has sold 3 billion Egyptian pounds ($503 million) in two-year bonds .

The bonds, which mature on July 26, 2013, have a 13.1 per cent coupon. The yields at Monday's auction ranged from 13.0 to 13.27 percent.

Settlement will take place on July 26.

Government bonds are sold by the central bank on behalf of the Finance Ministry. ($1 = 5.9516 Egyptian pounds) 

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