Egypt sells bonds due April 2012 worth 1 bln

DNE
DNE
1 Min Read

The Egyptian Central Bank accepted bids for reopened bonds due April 2012 worth LE 1 billion ($174 million) at a sale on Monday at rates between 10.60 and 10.68 percent, the bank said.

The central bank, acting for the Ministry of Finance, had invited offers for the same amount at the auction.

The bonds, which were originally sold in April 2009, will be settled on Nov. 23.

They are due to mature on April 28, 2012, carry a coupon of 10.35 percent.

 

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