Egypt’s CBE issues EGP 12b T-bonds fixed coupon

The Central Bank of Egypt (CBE) on Monday will auction treasury bonds (T-Bonds) with fixed coupon worth 12 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 four billion pounds for two years, while the second offering is worth eight billion pounds for three years.

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: M. S. Salama