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Egypt c.bank cancels auctions of 3-, 5-year bonds - Daily News Egypt

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Egypt c.bank cancels auctions of 3-, 5-year bonds

CAIRO: Egypt’s central bank cancelled three-year and five-year re-opened bond auctions worth LE 5 billion ($829 million), the Finance Ministry said on Monday. The bank auctions the instruments on behalf of the ministry, which had offered LE 3 billion of the three-year notes and LE 2 billion of the five-year. The three-year bond had a …


CAIRO: Egypt’s central bank cancelled three-year and five-year re-opened bond auctions worth LE 5 billion ($829 million), the Finance Ministry said on Monday.

The bank auctions the instruments on behalf of the ministry, which had offered LE 3 billion of the three-year notes and LE 2 billion of the five-year.

The three-year bond had a 14 percent coupon and the five-year bond a 14.25 percent coupon.

The central bank gave no reason for the cancellation.

 

 

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https://www.dailynewsegypt.com/2012/01/02/egypt-cbank-cancels-auctions-of-3-5-year-bonds/
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