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Egypt sells bonds worth 3 bln Egyptian pounds


CAIRO (Reuters) - The Egyptian central bank said on Monday it accepted offers worth 3 billion Egyptian pounds in an auction for reopened 4-year bonds.

The first tranche of the bonds, also worth 3 bil...

CAIRO (Reuters) - The Egyptian central bank said on Monday it accepted offers worth 3 billion Egyptian pounds in an auction for reopened 4-year bonds. The first tranche of the bonds, also worth 3 billion pounds, was issued on September 29. The bank, acting on behalf of the ministry of finance, accepted offers between 10.9 and 11.7 percent. The bonds will be settled on Oct 13. They carry a coupon of 10.9 percent and are due to mature on September 29, 2013. (Source: Reuters)

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Egypt sells bonds worth 3 bln Egyptian pounds