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Egypt sells bonds worth L.E 2 bln


CAIRO- The Egyptian central bank said on Monday it accepted offers worth 2.125 billion Egyptian pounds ($386.55 million) in an auction for reopened 6-year bonds (CBEX). It was offering bonds worth 3 b...

CAIRO- The Egyptian central bank said on Monday it accepted offers worth 2.125 billion Egyptian pounds ($386.55 million) in an auction for reopened 6-year bonds (CBEX). It was offering bonds worth 3 billion pounds.   The first tranche of the bonds, also worth 3 billion pounds, was issued on December 15. The bank, acting on behalf of the ministry of finance, accepted offers between 12.7 and 13.05 percent. The bonds will be settled on Dec. 29. They carry a coupon of 12.8 percent and are due to mature on Dec. 15, 2015.   (Source: Arab Finance)    

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Egypt sells bonds worth L.E 2 bln