Egypt’s c. bank offers EGP 15b T-bonds fixed coupon
The Central Bank of Egypt (CBE) on Monday will auction treasury bonds (T-Bonds) with fixed coupon worth 15 billion Egyptian pounds, in coordination with the Ministry of Finance, according to a statement on its website.
The auctioned bonds are divided into two offerings. The first offering amounts to five billion pounds for two years, while the second offering is worth 10 billion pounds for three years.
A coupon is an annual interest paid on a bond. Investors receive a coupon payment, either annually or semi-annually, from issuance until maturity, if they hold the bond, according to DailyForex website.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama