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Egypt says Qatar asking 5 pct interest on $3 bln bonds

A source involved in the negotiations says Qatar asks for a 5 percent interest on the $3bn worth of bonds it pledged to buy from Egypt

Reuters, Monday 29 Apr 2013

Qatar is asking for 5 percent interest and an 18-month maturity on $3 billion in bonds it has offered to buy from Egypt, an Egyptian official involved in the negotiations said on Monday.

Qatari Prime Minister Sheikh Hamad bin Jassim al-Thani promised the money during a visit to Qatar by Egyptian Prime Minister Hisham Kandil on April 10. The Gulf state had already lent Egypt $5 billion since President Mohamed Mursi took office last July.

The Egyptian official, who asked not to be named, said no agreement had yet been reached on the bonds.

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