Egypt’s CBE offers EGP 3b FRN T-bonds

By Nada Ali On Jan 13, 2025

Egypt's central bank Egyptians — Egypt's central bank's new headquarters in the New Administrative Capital

The Central Bank of Egypt (CBE) announced on Monday the issuance of 3 billion Egyptian pounds worth of floating-rate note (FRN) treasury bonds.

The interest rate on these three-year bonds will be calculated based on a formula: Coupon = {(Benchmark + Fixed Spread) / (1 – 20%)}. The bonds will pay interest quarterly, with an indicative spread of -0.014 per cent.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama

CBE Central Bank of Egypt (CBE)Egypt's central bank Egypt's Ministry of Finance Egyptian Ministry of Finance Egyptian pounds floating-rate note (FRN)FRN