Egypt’s CBE issues EGP 3b in fixed coupon t-bonds

By Nada Ali On Dec 23, 2024

The Central Bank of Egypt (CBE) on Monday offered treasury fixed coupon bonds (t-bonds) worth three billion Egyptian pounds, in coordination with the Ministry of Finance.

The three-year bond is valued at three billion pounds will be matured on December 03, 2027. This bond offers a competitive annual coupon rate of 24.144 per cent.

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: Amwal Al Ghad English

Subediting: M. S. Salama

CBE Central Bank of Egypt (CBE)Egypt's central bank Egypt's Ministry of Finance Egyptian Ministry of Finance Egyptian pounds fixed coupon t-bonds