Egypt sells 3bn Egypt pounds in 2-year bonds

CAIRO: Egypt's Finance Ministry said on Monday it sold 3 billion Egyptian pounds ($503 million) in two-year bonds .

The bonds, which mature on July 26, 2013, have a 13.10 percent coupon. The yields at Monday's auction ranged from 13.0 to 13.27 percent.

Settlement will take place on July 26.

Government bonds are sold by the central bank on behalf of the Finance Ministry Copyright Reuters, 2011