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Egypt to Offer 3 Billion Pounds in Reopened Bonds

Egypt to Offer 3 Billion Pounds in Reopened Bonds

Egypt's Ministry of Finance will offer 3 billion Egyptian pounds ($494.7 million) in reopened bonds at an auction on April 30, the central bank said on Monday.

April 23, 2012 4:23 by



Egypt’s Ministry of Finance will offer 3 billion Egyptian pounds ($494.7 million) in reopened bonds at an auction on April 30, the central bank said on Monday .

It will offer 2 billion pounds in reopened three-year bonds maturing on April 3, 2015 with a coupon of 16.15 percent, and 1 billion pounds in seven-year bonds maturing on April 3, 2019 with a coupon of 16.85 percent.

Settlement for the bonds, which the central bank is selling on behalf of the ministry, is on May l.
(Reporting by Mohamed Samir)



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