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Egypt says Qatar asking 5 pct interest on $3 bln bonds
April 29, 2013 / 12:05 PM / 4 years ago

Egypt says Qatar asking 5 pct interest on $3 bln bonds

CAIRO, April 29 (Reuters) - Qatar is asking for 5 percent interest and an 18-month maturity on $3 billion in bonds it has offered to buy from Egypt, an Egyptian official involved in the negotiations said on Monday.

Qatari Prime Minister Sheikh Hamad bin Jassim al-Thani promised the money during a visit to Qatar by Egyptian Prime Minister Hisham Kandil on April 10. The Gulf state had already lent Egypt $5 billion since President Mohamed Mursi took office last July.

The Egyptian official, who asked not to be named, said no agreement had yet been reached on the bonds.

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