Egypt’s Finance Ministry is reopening three-year and five-year bonds with offerings worth LE 1.5 billion ($266 million) for each bond, the central bank said on Monday.

The three-year bonds, which mature on April 6, 2013, carry a coupon of 11.35 percent. The five-year bonds, maturing on March 2, 2015, have a 12.25 percent coupon.

The central bank, acting on behalf of the Finance Ministry, will auction the bonds on May 31, and settlement will be a day later.