Egypt to offer LE 3.5 bln in bonds

By Mohamed Samir / Reuters CAIRO: Egypt’s Ministry of Finance will offer LE 3.5 billion ($579.6 million) in bonds at an auction on April 9, the central bank said on Monday. It will offer LE 2 billion in reopened three-year bonds maturing on April 3, 2015 with a coupon of 16.15 percent, and LE 1.5 billion …

By Mohamed Samir / Reuters

CAIRO: Egypt’s Ministry of Finance will offer LE 3.5 billion ($579.6 million) in bonds at an auction on April 9, the central bank said on Monday.

It will offer LE 2 billion in reopened three-year bonds maturing on April 3, 2015 with a coupon of 16.15 percent, and LE 1.5 billion in five-year bonds maturing on April 10, 2017, the bank said.

Settlement for the bonds, which the central bank is selling on behalf of the ministry, is on April 10.

Topics: bonds Central Bank of Egypt

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