Egypt’s c.bank to auction EGP 20b in fixed-coupon T-bonds

MoneyBanks
By Yomna Yasser
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) said on Monday it will auction fixed-coupon treasury bonds worth 20 billion Egyptian pounds, in coordination with the Ministry of Finance.

According to the CBE’s website, the bonds are structured as follows:

  • 7 billion pounds with a two-year maturity and a coupon rate of 22.74 per cent, paid semi-annually, maturing on 4 Nov., 2027.
  • 10 billion pounds with a three-year maturity and a coupon rate of 21.703 per cent, paid annually, maturing on 4 Nov., 2028.
  • 3 billion pounds with a five-year maturity and a coupon rate of 19.698 per cent, paid semi-annually, maturing on 14 Oct., 2030.

A bond coupon represents the annual interest paid to investors, typically disbursed once or twice a year until the bond matures.

The auction reflects Egypt’s ongoing efforts to raise local financing amid elevated borrowing costs and fiscal needs.

 Attribution: Amwal Al Ghad English

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