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.