Egypt issues EGP 4b in fixed coupon T-bonds
The Central Bank of Egypt (CBE) issued on Tuesday treasury bonds (T-bonds) with fixed coupon worth four billion Egyptian pounds ($83.6 million), in coordination with the Ministry of Finance, according to a statement on its website.
It is a three-year fixed-coupon bond, with a maturity date of May 7th, 2027, as per the bank’s statement.
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.
