Egypt’s c. bank issues EGP 8b in fixed coupon t-bonds

By Nada Ali On Jul 22, 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) on Monday offered treasury fixed coupon bonds (t-bonds) worth eight billion Egyptian pounds, in coordination with the Ministry of Finance.

The two-year bond is valued at two billion pounds will be matured on July 02, 2026. This bond offers a competitive annual coupon rate of 24.7 per cent.

The three-year bond is valued at five 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