Egypt’s CBE offers EGP 8b in fixed coupon t-bonds

By Nada Ali On Jul 1, 2024

The Central Bank of Egypt (CBE) on Monday offered fixed-rate treasury bonds (t-bonds) worth eight million Egyptian pound, in coordination with the Ministry of Finance.

The two-year bond is valued at two billion pound, maturing on 02-07-2026, and pays returns annually. While, the second bill is valued at six million pound, to be maturated on 02-07-2027.

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: CBE 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