CAIRO: Egypt’s central bank cancelled three-year and five-year re-opened bond auctions worth LE 5 billion ($829 million), the Finance Ministry said on Monday.
The bank auctions the instruments on behalf of the ministry, which had offered LE 3 billion of the three-year notes and LE 2 billion of the five-year.
The three-year bond had a 14 percent coupon and the five-year bond a 14.25 percent coupon.
The central bank gave no reason for the cancellation.
