Egypt reopens LE5 bln of bonds

Reuters, Monday 29 Aug 2011

Bonds spread over two- and three-year periods

Egypt's Finance Ministry will offer LE5 billion ($839.2 million) of two-year and three-year bonds in an auction on 5 September, the central bank said on Monday. 

The two-year bonds, worth LE2.5 billion, mature on 26 July 2013, and carry a coupon of 13.1 per cent.

The three-year bonds, also worth LE2.5 billion, 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 will take place on 6 September.

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