Egypt’s finance ministry will offer three-year, five-year and 10-year bonds worth LE 4 billion in an auction on January 3, the central bank said on Tuesday.
The three-year bonds worth LE 1.5 billion, which mature on October 5, 2013, carry a coupon of 11.6 percent.
The same amount of five-year bonds will be issued, maturing on September 14, 2015, and carrying a coupon of 12.35 percent.
The LE 1 billion issue of 10-year bonds will mature on August 3, 2020, and will carry a coupon of 13.0 percent.
The bonds are sold by the central bank, acting on behalf of the finance ministry. Settlement will take place at January 4.
