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Egypt sells 1bn Egyptian pounds of 7-year bonds

Published Updated

eygptCAIRO: Egypt's central bank sold 1 billion Egyptian pounds ($165.8 million) in reopened seven-year bonds at an auction on Monday, the same amount it had originally sought, the bank said.

The yields on the bonds ranged from 16.80 to 16.93 percent. The bonds mature on Oct. 25, 2018, and carry a 14.5 percent coupon.

Settlement will take place on March 6.

Copyright Reuters, 2012

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