Month: August 2010

Egypt generates capital to fund a decade of growth

The finance ministry of Egypt have recently held an auction for their newly re-opened 5-year bond. The central bank are selling LE 1.5 Billion ($263 million) worth of bonds which mature in 2015 with a 12.55% coupon. The re-opening of these 5-year bonds demonstrates the confidence the Egyptian authorities have in their growth plans using… Read more »