The Central Bank of Egypt (CBE) will auction treasury bonds (T-Bonds) on Monday with a fixed coupon worth 16 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 5 billion pounds for two years, the second offering is worth 10 billion pounds for three years, and the last offering is for one 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