The Central Bank of Egypt (CBE) announced on Monday the issuance of 250 million Egyptian pound worth of floating-rate note (FRN) treasury bonds. The bonds are set to mature on August 06, 2029.
The interest rate on these three-year bonds will be calculated based on a formula: Coupon = {(Benchmark + Fixed Spread) / (1 – 20%)}. The bonds will pay interest quarterly, with an indicative spread of 35.0995 per cent.
Attribution: CBE website
Subediting: M. S. Salama