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CAIRO: Egypt's Ministry of Finance will offer 3.5 billion Egyptian pounds ($579.6 million) in bonds at an auction on April 9, the central bank said on Monday.

It will offer 2 billion pounds in reopened three-year bonds maturing on April 3, 2015 with a coupon of 16.15 percent, and 1.5 billion pounds in five-year bonds maturing on April 10, 2017, the bank said.

Settlement for the bonds, which the central bank is selling on behalf of the ministry, is on April 10.

Copyright Reuters, 2012

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