Egypt’s CBE offers EGP 3b in fixed coupon t-bonds

By Nada Ali On Jun 3, 2024

Egypt's central bank Egyptians central bank — Egypt's central bank (CBE)

The Central Bank of Egypt (CBE) on Monday offered fixed-rate treasury bonds (t-bonds) worth 3 billion Egyptian pounds, in coordination with the Ministry of Finance, according to a statement on its website.

The three-year bond is valued at 3 billion pounds will be matured on 04-06-2027, as per the 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, as explained by DailyForex website.

CBE Central Bank of Egypt (CBE)Egypt's central bank Egypt's Ministry of Finance Egyptian Ministry of Finance Egyptian pounds fixed coupon t-bonds