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Egypt's c. bank auctions EGP 15b fixed coupon T-bonds
Nada Ali Published in Amwal Al Ghad on 30 - 09 - 2024

The Central Bank of Egypt (CBE) on Monday issued two auctions for fixed coupon treasury bonds (T-bonds) with a total of 15 billion Egyptian pound, in coordination with the Ministry of Finance.
The two-year T-bond is valued at five billion pound to be matured on October 01, 2026. The second auction is for a three-year T-bond valued at 10 billion pound and will be matured on October 01, 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
Subediting: M. S. Salama

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