The Central Bank of Egypt (CBE) on Monday will auction treasury bonds (T-Bonds) with fixed coupon worth 15 billion Egyptian pounds, in coordination with the Ministry of Finance, according to a statement on its website. The auctioned bonds are divided into three offerings. The first offering amounts to three billion pounds for two years, the second is worth 10 billion pounds for three years, and the third is two billion pounds for five 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: M. S. Salama