Egypt’s c.bank issues EGP 6b in fixed coupon t-bonds

By Nada Ali On Aug 5, 2024

Egypt's central bank Egyptians central bank — Egypt's central bank (CBE)

The Central Bank of Egypt (CBE) on Monday issued two auctions for fixed coupon treasury bonds (t-bonds) with a total worth of 6 billion Egyptian pounds, in coordination with the Ministry of Finance.

The two-year bond is valued at 1 billion pounds to be matured on August 06, 2026. While, the three-year bond is valued at 5 billion pounds and will be matured on August 06, 2027.

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.

Attribution: CBE website

CBE Central Bank of Egypt (CBE)Egypt's central bank Egypt's Ministry of Finance Egyptian Ministry of Finance Egyptian pounds fixed coupon July 28