The Central Bank of Egypt (CBE) said on Monday it will issue 6 billion Egyptian pounds in floating-rate note (FRN) treasury bonds. The three-year bonds will mature on 7 Oct., 2028, the CBE said in a statement. The interest rate on the bonds will be calculated using the formula: Coupon = {(Benchmark + Fixed Spread) / (1 – 20%)}, linking the returns to market rate fluctuations. The move is part of Egypt's broader strategy to diversify debt instruments and manage borrowing costs amid high local interest rates. Attribution: Amwal Al Ghad English Download