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.
