CAIRO: Egypt's central bank sold only half the reopened five-year bonds it offered at an auction on Monday and none of the reopened seven-year bonds, the Finance Ministry said on its website.
The bank had asked for 2 billion Egyptian pounds ($331.5 million) of the five-year bonds, but trimmed the sale to 1 billion pounds. The yields on the bonds ranged from 16.65 to 16.85 percent, up from 16.6 to 16.75 percent at an auction a week earlier.
The bonds mature on Jan 17, 2017 and carry a 16.35 percent coupon.
The bank declined to sell any of the reopened seven-year bonds it had offered at the auction. The bonds mature on Oct. 25, 2018, and carry a 14.50 percent coupon. The bank asked for 1 billion pounds.
The central bank, which sells the bonds on behalf of the Finance Ministry.
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