Egypt’s CBE issues EGP 2b FRN T-bonds

By Nada Ali On Oct 15, 2024

Egypt's central bank's new headquarters in the New Administrative Capital

The Central Bank of Egypt (CBE) announced on Tuesday the issuance of 2 billion Egyptian pounds worth of floating-rate note (FRN) treasury bonds. The bonds are set to mature on October 01, 2029.

The interest rate on these three-year bonds will be calculated based on a formula: Coupon = {(Benchmark + Fixed Spread) / (1 – 20%)}. The bonds will pay interest quarterly, with an indicative spread of 0.1124 per cent.

Attribution: CBE

Subediting: Y.Yasser

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CBE Central Bank of Egypt (CBE)Egypt's central bank Egypt's Ministry of Finance Egyptian Ministry of Finance Egyptian pounds floating-rate note (FRN)FRN