Egypt to issue EGP 3.5b fixed coupon T-bonds

The Central Bank of Egypt (CBE) offered on Monday treasury bonds (T-Bonds) with fixed coupon in Egyptian pound worth 3.5 billion pounds, in coordination with the Ministry of Finance, according to a statement on its website.

The auction shall be in two tranches: 3 billion pounds for 3 years to be maturated on 02/04/2027 and 30 billion pounds for 5 days to be maturated on 02/04/2027, 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, according to DailyForex website.