Home MoneyBanks Egypt offers EGP 4b in fixed coupon t-bonds

Egypt offers EGP 4b in fixed coupon t-bonds

by Nada Ali
Egypt's central bank

The Central Bank of Egypt (CBE) issued on Monday treasury bonds (T-Bonds) with fixed coupon in Egyptian pound worth four billion pounds, in coordination with the Ministry of Finance, according to a statement on its website.

The fixed-coupon bond has a maturity date of April 16, 2027, offering a competitive coupon rate of 25.151 per cent per year, as per the bank’s 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.

 

You may also like

Leave a Comment