Egypt’s c. bank offers EGP 3b in fixed coupon t-bonds

The Central Bank of Egypt (CBE) on Monday offered fixed-rate treasury bonds (t-bonds) with maturities of three and five years, worth three billion Egyptian pounds, in coordination with the Ministry of Finance, according to a statement on its website.

The three-year bond is valued at 2.5 billion pounds with a 23.865 per cent coupon rate, maturing on 04-06-2027, and pays returns semi-annually. While, the second bill is valued at 500 million pounds, to be maturated on 11-06-2029.

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, as explained by DailyForex website.