Egypt’s c. bank auctions EGP 1b fixed coupon T-bonds

By Nada Ali On Sep 16, 2024

Egypt Central Bank of Egypt's — The Central Bank of Egypt's (CBE) headquarters in the new administrative capital (CBE Photo)

The Central Bank of Egypt (CBE) is auctioning on Monday one billion Egyptian pound worth of fixed coupon treasury bonds (T-bonds), in coordination with the Ministry of Finance. The two-year T-bond will mature on September 17, 2026.

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