Egypt’s c. bank auctions EGP 15b fixed coupon T-bonds

By Nada Ali On Sep 30, 2024

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

The Central Bank of Egypt (CBE) on Monday issued two auctions for fixed coupon treasury bonds (T-bonds) with a total of 15 billion Egyptian pound, in coordination with the Ministry of Finance.

The two-year T-bond is valued at five billion pound to be matured on October 01, 2026. The second auction is for a three-year T-bond valued at 10 billion pound and will be matured on October 01, 2027.

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: CBE website

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