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

By Nada Ali On Jul 8, 2024

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

Egypt’s central bank (CBE), in coordination with the Ministry of Finance, offered fixed-rate treasury bonds (T-bonds) on Monday, raising a total of 8.25 billion Egyptian pounds ($436 million).

The first tranche is a two-year bond valued at three billion pounds, maturing on July 2nd, 2026. This bond offers a competitive annual coupon rate of 24.7 per cent.

The second tranche is a three-year bond valued at five billion pounds, maturing on July 2nd, 2027. Investors in this bond will receive a slightly lower annual coupon rate of 23.851 per cent.

The final tranche is a five-year bond valued at 250 million pounds, maturing on September 9th, 2029. This bond offers a semi-annual coupon rate, with the specific rate not mentioned.

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