Egypt reopens 4 bln Egypt pounds of bonds

Egypt's finance ministry will offer three-year, five-year and 10-year bonds worth 4 billion Egyptian pounds in an auction on January 3, the central bank said on Tuesday.

The three-year bonds worth 1.5 billion pounds, which mature on October 5, 2013, carry a coupon of 11.6 percent.

The same amount of five-year bonds will be issued, maturing on September 14, 2015, and carrying a coupon of 12.35 percent.

The 1 billion pound issue of 10-year bonds will mature on August 3, 2020, and will carry a coupon of 13.0 percent.

The bonds are sold by the central bank, acting on behalf of the finance ministry. Settlement will take place at January 4.