Egypt to sell LE4 billion in two and three year bonds on 19 September

Ahram Online , Tuesday 13 Sep 2011

Egypt plans to sell two- and three- year bonds on 19 September, with a combined value of LE4 billion, according to data from the country's central bank. 

Egypt also cut its fund raising target by 4.8 per cent from its original plan for the first quarter of the 2011/12 financial year which ends in September.

Egypt is seeking to raise LE138.1 billion (US$23 billion) through treasury bill and bond sales this quarter, which runs from July to September, compared to the LE145 billion target it announced in June 2011, according to data posted on the Finance Ministry website.

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