Egypt’s Finance Ministry is reopening three, five and seven-year bonds with offerings worth LE 1.5 billion ($268 million) each for the five-year and seven-year bonds, and one billion pounds for three-year bond, the central bank said on Tuesday.
The three-year bonds, which mature on April 6, 2013, carry a coupon of 11.35 percent. The five-year bonds, maturing on March 2, 2015, have a 12.25 percent coupon, while the seven-year, maturing Feb 16, 2017, have a 12.6 percent coupon.
The central bank, acting on behalf of the Finance Ministry, will auction the bonds on May 17, and settlement will be a day later.
