The Finance Ministry will offer LE2.5 billion (US$413.5 million) in reopened bonds at an auction on 7 May, the Central Bank of Egypt said Monday.
It will offer LE1.5 billion in five-year bonds maturing on 10 April 2017, with a coupon of 16.55 percent, and LE1 billion in 10-year bonds maturing on 3April 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 8 May.
