Business

Finance Ministry to offer LE2.5 bn in reopened bonds

The Finance Ministry will offer LE2.5 billion (US$414.1 million) in reopened bonds at an auction on 23 April, the Central Bank said on Tuesday.

It will offer LE1.5 billion in reopened five-year bonds maturing on 10 April 2017 with a coupon of 16.55 percent, and LE1 billion in ten-year bonds maturing on 3 April 2022 with a coupon of 17 percent, the bank said.

Settlement for the bonds, which the Central Bank is selling on behalf of the ministry, is on 24 April.

Related Articles

Back to top button