Egypt to sell LE5 billion in two and three-year bonds

Reuters, Tuesday 9 Aug 2011

Finance ministry is gearing up for bonds auction on 15 August, says central bank

Egypt's finance ministry will offer LE5 billion (US$839.4 million) worth of two-year and three-year bonds in an auction on 15 August, the central bank said on Tuesday.

The two-year bonds, worth LE2.5bn, mature on 26 July 2013 and carry a coupon of 13.1 per cent. The three-year bonds, worth 2.5 billion pounds, mature on 2 August 2014 and carry a coupon of 13.35 per cent.
The bonds are offered by the central bank, acting on behalf of the finance ministry. Settlement for the bonds will take place on 16 August.
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