Egypt issues EGP 500m fixed-coupon T-bonds

The Central Bank of Egypt (CBE) offered on Tuesday fixed coupon treasury bonds (T-Bonds) in Egyptian pound worth 500 million pounds, in coordination with the Ministry of Finance, according to a statement on its website.

The 500 million pounds auction is for five years to be matured on 16/04/2029, as per the bank’s statement.

A coupon is an annual interest paid on a bond. Investors receive a coupon payment, either annually or biannually, from issuance until maturity, if they hold the bond, according to DailyForex website.