Egypt to offer LE3.5 bln in reopened bonds

Reuters, Sunday 22 Jul 2012

New reopened bonds are offered by ministry of finance will be matured in 2015

Egypt's Ministry of Finance will offer LE3.5 billion ($577.1 million) in reopened three-year and seven-year bonds at an auction on July 30, the central bank said on Sunday.

It will offer LE2 billion in reopened three-year bonds maturing on July 3, 2015 with a coupon of 16.15 per cent, and LE1.5 billion in reopened seven-year bonds maturing on April 3, 2019 with a coupon of 16.85 per cent, the bank said.

Settlement for the bonds, which the central bank is selling on behalf of the ministry, is on July 31. 

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