Egypt To Offer 2 Bln Egp In 5- & 10-Yr Bonds

Egypt’s Finance Ministry will offer 2 billion Egyptian pounds ($329.85 million) in reopened five-year and ten-year bonds at an auction on July 22, the central bank said on Monday.

The five-year bonds mature on April 10, 2017, and carry a 16.55 percent coupon. The ten-year bonds mature on April 3, 2022, and carry a 17 percent coupon.

Settlement is on July 24.

The central bank is selling the bonds on behalf of the finance ministry.

Reuters