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

The Central Bank of Egypt (CBE) is auctioning on Thursday 3 billion Egyptian pounds worth of fixed coupon treasury bonds (T-bonds), in coordination with the Ministry of Finance. The two-year bonds will mature on April 01, 2027.

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: Amwal Al Ghad English

Subediting: M. S. Salama

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