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Egypt to offer bonds worth 2 bln EGP

The three-year bonds will carry a coupon of 16.15 per cent; will mature on 3 July 2015

Reuters, Tuesday 21 Aug 2012
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Egypt's Ministry of Finance will offer LE2 billion ($329.1 million) in reopened three-year bonds at an auction on 27 August, the central bank said on Tuesday.

The bonds mature on 3 July 2015, and have a coupon of 16.15 per cent, the bank said.

Settlement for the bonds, which the central bank is selling on behalf of the ministry, is on 29 August.

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