Arab Finance: The Central Bank of Egypt (CBE) issued EGP 37 billion in fixed-rate treasury bonds (T-bonds) on Monday, February 9th, as part of the government’s efforts to finance the state budget.
The issuance comprised two tranches of fixed-rate bonds.
The first tranche totaled EGP 10 billion, carries a semi-annual return, and has a two-year maturity with a coupon rate of 22.422%.
The second tranche amounted to EGP 25 billion, also with a semi-annual return, and has a three-year maturity with a coupon rate of 21.4173%.
In addition to the fixed-rate bonds, the CBE issued EGP 2 billion in variable-rate treasury bonds with a five-year term.
These bonds carry a coupon rate of 26.7%, a guideline margin of 0.88%, and quarterly interest payments.
