Egypt’s CBE offers EGP 4b zero coupon t-bonds

By Nada Ali On Jun 10, 2024

Egypt Central Bank of Egypt's — The Central Bank of Egypt's (CBE) headquarters in the new administrative capital (CBE Photo)

Egypt’s central bank (CBE) on Monday offered a 539-day treasury zero-coupon bonds worth four billion Egyptian pounds, according to the CBE’s website.

The Ministry of Finance has authorised the CBE to manage its own offerings of treasury bills and bonds in Egyptian pounds throughout the fiscal year to fund the general budget for 2023-2024.

Zero-coupon t-bonds do not pay interest but reward investors with a higher principal return at maturity, 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 t-bonds zero-coupon bonds