Egypt’s c. bank issues EGP 6b in fixed coupon t-bonds

By Nada Ali On Jul 14, 2024

The Central Bank of Egypt (CBE) on Sunday offered fixed-rate treasury bonds (t-bonds) worth six billion Egyptian pounds, in coordination with the Ministry of Finance.

The three-year bond is valued at six billion pounds will be matured on July 02, 2027. This bond offers a competitive annual coupon rate of 23.8 per cent.

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

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