Egypt’s CBE offers EGP 5b T-bonds fixed coupon

By Nada Ali On Dec 30, 2024

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

The Central Bank of Egypt (CBE) will auction treasury bonds (T-Bonds) on Monday with fixed coupon worth 5 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 at 3 billion pounds for a period of two years and the second offering is worth 2 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: Y.Yasser

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