Wednesday 23 May 2018

Egypt reopens bonds worth $364m

Cairo, April 13, 2010

Egypt's Finance Ministry is reopening 3-year and 5-year bond offerings worth EGP 1.5 billion ($364 million) each and a 7-year bond issue worth EGP 1 billion, the central bank said on Tuesday.

The 3-year bonds, which mature on April 6, 2013, carry a coupon of 11.35 per cent. The 5-year bonds, maturing on March 2, 2015, have a 12.25 per cent coupon. The 7-year bonds, due on February 2, 2017, carry a coupon of 12.6 per cent.

The central bank, acting on behalf of the Finance Ministry, will auction the bonds on April 19, and settlement will be a day later.-Reuters               

Tags: Egypt | investment | finance | Government bonds |

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