Egypt’s c. bank offers EGP7.5b T-bonds fixed coupon

The Central Bank of Egypt (CBE) on Sunday will auction treasury bonds (T-Bonds) with fixed coupon worth 7.5 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 7 billion pounds for two years to mature on 02/09/2027, while the second offering is worth 500 million pounds to mature on 08/07/2030.

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: Y.Yasser