Egypt’s c. bank auctions EGP 5b in fixed coupon t-bonds

The Central Bank of Egypt (CBE) is auctioning 5 billion Egyptian pounds worth of fixed coupon treasury bonds (t-bonds), in coordination with the Ministry of Finance. The three-year bonds will mature on August 13, 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: Y.Yasser