Egypt to offer LE3bn in reopened bonds

Reuters, Monday 2 Jul 2012

Egypt's Ministry of Finance will offer LE3 billion ($495 million) in reopened five-year and ten-year bonds at an auction on 9 July, the central bank said on Monday.

It will offer LE2 billion in reopened five-year bonds maturing on 10 April 2017 with a coupon of 16.55 per cent, and LE1 billion in reopened ten-year bonds maturing on 3 April 2022 with a coupon of 17 per cent, the bank said.
Settlement for the bonds, which the central bank is selling on behalf of the ministry, is on 10 July.
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