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Egypt sells 3- and 5-year bonds worth LE 3.5 bln - Daily News Egypt

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Egypt sells 3- and 5-year bonds worth LE 3.5 bln

By Reuters CAIRO: Egypt’s central bank said it sold LE 3.5 billion ($579.8 million) in three and five-year bonds on Monday, the same amount it had offered. It sold LE 2 billion in reopened three-year bonds at an average yield of 16.12 percent, with yields ranging from 16.05 to 16.15 percent. The bonds have a …


By Reuters

CAIRO: Egypt’s central bank said it sold LE 3.5 billion ($579.8 million) in three and five-year bonds on Monday, the same amount it had offered.

It sold LE 2 billion in reopened three-year bonds at an average yield of 16.12 percent, with yields ranging from 16.05 to 16.15 percent. The bonds have a 16.15 percent coupon and mature on April 3, 2015.

It also sold LE 1.5 billion in new five-year bonds at an average yield of 16.59 percent, with yields ranging from 16.4 to 16.62 percent. The bonds have a 16.55 percent coupon and mature on April 10, 2017.

The central bank sells government bonds on behalf of the finance ministry . Settlement will take place on April 10.

 

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https://www.dailynewsegypt.com/2012/04/09/egypt-sells-3-and-5-year-bonds-worth-le-35-bln/
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