Egypt issues EGP 500m fixed-coupon T-bonds

By Nada Ali On Apr 16, 2024

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

The Central Bank of Egypt (CBE) offered on Tuesday fixed coupon treasury bonds (T-Bonds) in Egyptian pound worth 500 million pounds, in coordination with the Ministry of Finance, according to a statement on its website.

The 500 million pounds auction is for five years to be matured on 16/04/2029, 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, according to DailyForex website.

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