Qatar to purchase $3 bn in Egyptian bonds: CBE source

Ahram Online, Wednesday 10 Apr 2013

Source at Central Bank of Egypt (CBE) says fresh financial aid pledged by Qatar to Egypt would be in form of treasury bond purchases

Central Bank of Egypt (Photo: Reuters)

Egypt will sell dollar-denominated treasury bonds to Qatar worth a total of $3 billion, a Central Bank of Egypt source told Al-Ahram's Arabic-language news website on Wednesday.

The source, who requested anonymity, added that Egypt would pay back the debt at an interest rate ranging between 3 and 4 percent.

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