The Egyptian central bank said on Monday it has accepted offers worth 3 billion Egyptian pounds ($535.6 million) in an auction for reopened 3-year bonds.The first tranche of the bonds, also worth 3 billion pounds, was issued on January 13.
It accepted offers between 10.73 and 10.89 percent.
The bank, acting on behalf of the ministry of finance, invited offers for 3 billion pounds at Monday's auction.
The bonds will be issued on February 24. They carry a coupon of 12 percent and are due to mature on January 13, 2012. (Reuters)For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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