Mon Jul 20, 2009 1:13pm GMT

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

The first tranche o...

Mon Jul 20, 2009 1:13pm GMT   CAIRO (Reuters) - The Egyptian central bank said on Monday it had accepted offers worth 3 billion Egyptian pounds in an auction for reopened bonds. The first tranche of the bonds worth 500 million pounds, was issued on July 7. The bank accepted offers between 10.3 and 10.6 percent. The bank, acting on behalf of the ministry of finance, invited offers for 3 billion pounds at Monday's auction. The bonds will be settled on July 21. They carry a coupon of 10.6 percent and are due to mature on July 7, 2011.