August 29, 2011 / 10:55 AM / 8 years ago

Egypt reopens 5 bln Eg pounds of bonds

CAIRO, Aug 29 (Reuters) - Egypt’s finance ministry will offer 5 bilion pounds ($839.2 million) of two-year and three-year bonds in an auction on Sept. 5, the central bank said on Monday .

The two year bonds worth 2.5 billion pounds, mature on July 26, 2013, and carry a coupon of 13.1 percent.

The three-year bonds worth 2.5 billion pounds, mature on Aug. 2, 2014 and carry a coupon of 13.35 percent.

The bonds are offered by the central bank, acting on behalf of the finance ministry. Settlement will take place on Sept 6.

$1 = 5.9583 Egyptian pounds Reporting by Mohamed Samir

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