Markets

Egypt to offer 3.5bn EGP in bonds

Published June 25, 2012 Updated June 25, 2012 01:26pm

It will offer 1.5 billion pounds in reopened seven-year bonds maturing on April 3, 2019 with a coupon of 16.85 percent, and 2 billion pounds in three-year bonds maturing on July 3, 2015, the bank said.

Settlement for the bonds, which the central bank is selling on behalf of the ministry, is on July 3.

Copyright Reuters, 2012