Egypt’s CBE announces EGP 6b in fixed coupon T-bonds
The Central Bank of Egypt (CBE) on Monday issued two auctions for fixed coupon treasury bonds (T-bonds) with a total worth of six billion Egyptian pound, in coordination with the Ministry of Finance.
The two-year bond is valued at one billion pound to be matured on August 20, 2026. While, the three-year bond is valued at five billion pound and will be matured on August 13, 2027 at coupon rate 25.3 per cent.
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
Subediting: M. S. Salama
