Financial and Banking News
LOANS AND ISSUES
CBE Issues Development Bonds
The Central Bank of Egypt (CBE) has decided to issue $460.6mn indollar-denominated development bonds in units of $100, $500, $1,000 and $10,000with a six-month coupon carrying interest at par with rates prevailing inLondon. Subscription to these bonds is open to Egyptians, Arabs and foreigners.According to recent CBE figures, remittances by expatriate Egyptians in 1988rose to E8,400mn from E...
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