Egypt’s Finance Offers EGP 1 bln 18-month zero-coupon bonds This Month

 The Egyptian Finance Ministry has succeeded to offer 18-month zero-coupon bonds worth EGP 1 billion in its second offering within this month, and 2.9 times has been covered.

Throughout the official website, the Ministry said the average interest rate is 12.017%, the highest is12.1%; while the lowest is 11.70 %.

The Ministry added that3-years treasury bonds have been offered with EGP 2 billion, registering 12.384%  average interest rate, the highest is 12.52% ,the lowest is 12.02 % and 2.5 times has been covered.