Egypt reopens 4bn pounds of bonds

The two-year bonds worth 2 billion pounds, mature on July 26, 2013, and carry a coupon of 13.1 percent. The three-year bonds worth 2 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. 20.