Egypt reopens LE 4 bln in 3, 5 and 7-year bonds

Reuters
1 Min Read

Egypt’s Finance Ministry is reopening three, five and seven-year bonds with offerings worth LE 1.5 billion ($268 million) each for the five-year and seven-year bonds, and one billion pounds for three-year bond, the central bank said on Tuesday.

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, while the seven-year, maturing Feb 16, 2017, have a 12.6 percent coupon.

The central bank, acting on behalf of the Finance Ministry, will auction the bonds on May 17, and settlement will be a day later.

Share This Article
By Reuters
Follow:
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms.
Leave a comment