Egypt to offer LE3.5 billion in bonds

Reuters, Monday 25 Jun 2012

Egypt's Ministry of Finance will offer LE3.5 billion ($578 million) in bonds at an auction on 2 July, the central bank said on Monday.

It will offer LE1.5 billion in reopened seven-year bonds maturing on 3 April, 2019 with a coupon of 16.85 per cent, and LE2 billion in three-year bonds maturing on 3 July , 2015, the bank said.
Settlement for the bonds, which the central bank is selling on behalf of the ministry, is on 3 July.
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