Egypt’s CBE auctions EGP 6b fixed coupon T-bonds

By Nada Ali On Sep 2, 2024

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) 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 T-bond is valued at one billion pound to be matured on September 03, 2026. The second auction is for a three-year T-bond valued at five billion pound and will be matured on August 13, 2027 at coupon rate 25.318 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: Y.Yasser

CBE Central Bank of Egypt (CBE)Egypt's central bank Egypt's Ministry of Finance Egyptian Ministry of Finance Egyptian pounds fixed coupon September 2