Egypt c.bank auctions EGP 5b fixed coupon T-bonds

The Central Bank of Egypt (CBE) on Monday issued an auction for fixed coupon treasury bonds (T-bonds) with a total worth of 5 billion Egyptian pounds, in coordination with the Ministry of Finance.

The three-year T-bond will be matured on August 13, 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, according to DailyForex website.

Attribution: CBE