Egypt’s CBE auctions EGP 4b fixed coupon T-bonds

The Central Bank of Egypt (CBE) issued on Monday treasury bonds (T-Bonds) with fixed coupon in Egyptian pound worth four billion pounds, in coordination with the Ministry of Finance, according to a statement on its website.

The four billion pounds auction is for three years to be maturated on 16/04/2027, as per the bank’s statement.

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, according to DailyForex website.