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Egypt to offer LE 3 bln in reopened bonds - Daily News Egypt

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Egypt to offer LE 3 bln in reopened bonds

CAIRO: Egypt’s Finance Ministry will offer LE 3 billion ($497.6 million) in reopened five- and seven-year bonds at an auction on Feb. 6, the central bank said on Monday. The central bank will offer LE 2 billion of the five-year bonds, which carry a 16.35 percent coupon and mature on Jan. 17, 2017. It will …


CAIRO: Egypt’s Finance Ministry will offer LE 3 billion ($497.6 million) in reopened five- and seven-year bonds at an auction on Feb. 6, the central bank said on Monday.

The central bank will offer LE 2 billion of the five-year bonds, which carry a 16.35 percent coupon and mature on Jan. 17, 2017. It will also offer LE 1 billion for the seven-year bonds, which carry a 14.5 percent coupon and mature on Oct. 10, 2018.

The central bank is acting on behalf of the Finance Ministry. Settlement is on Feb. 7, 2012.

 

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https://www.dailynewsegypt.com/2012/01/30/egypt-to-offer-le-3-bln-in-reopened-bonds/
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