Egypt central bank cancels 5-year bond auction

DNE
DNE
0 Min Read

Egypt’s central bank has cancelled a reopened five-year bond auction CBEX originally planned for settlement on Nov. 16, it said on Sunday.

The bank auctions the instruments on behalf of Egypt’s finance ministry which had offered LE 1 billion ($174 million) of paper with a 12.35 percent coupon. The central bank gave no reason for the cancellation.

 

 

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