| Kippreport.com

Egypt to offer 3 billion pounds in reopened bonds

April 23, 2012 4:19 by kippreport

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 1st. (Reporting by Mohamed Samir)