Business & Finance
Egypt to offer 1bn EGP in reopened seven year bonds
CAIRO : Egypt 's Finance Ministry will offer 1 billion Egyptian pounds ($165.81 million) in reopened seven-year bonds a
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Yields on Egyptian treasury debt have soared to their highest in years as the government struggles to finance a growing budget deficit. The central bank said the bonds mature on Oct. 25, 2018, and settlement will take place on Jan. 10. It is acting on behalf of the Finance Ministry. Copyright Reuters, 2011