Egypt’s c. bank offers EGP 4b in fixed coupon t-bonds
The Central Bank of Egypt (CBE) on Monday offered fixed-rate treasury bonds (t-bonds) worth four billion Egyptian pounds ($85,4million), in coordination with the Ministry of Finance, according to a statement on its website.
The three-year bond is valued at 3 billion pounds with a 25.021 per cent coupon rate, maturing on 07-05-2027, and pays returns semi-annually.
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.
