Finance Ministry TO Offer EGP 1 Bln Reopened Bonds

Ministry of Finance will offer EGP 1 billion ($165.7 million) in reopened 10-year bonds at an auction on June 18. Central bank of Egypt said the 10-year bonds carry a 17 percent coupon and mature on April 3, 2022.

Settlement for the bonds, which CBE is selling on behalf of the Ministry, is on June 19.