The Ministry of Finance revealed that the outstanding balance of treasury bonds (T-bonds) fell by EGP 10.404bn at the end of December 2018 to a total of EGP 675.962bn, from EGP 686.366bn at the end of November 2018. In a recent report, the ministry said that T-bonds will be due between 25 February 2019, and 6 November 2028. The ministry added that these bonds were floated between 18 January 2005 and 11 December 2018, bearing an interest rate of 11.40-18.75%, with an average of 15.094%. Aside from the local currency bonds, there is an additional $19.21bn worth of international bonds in global markets. The first instalment of these bonds will be due on 29 April 2020 through to 21 February 2048, with an interest of 5.75% and 8.5%, averaging 6.972%. Moreover, another €2bn worth of bonds is due on 16 April 2026 and 16 April 2030 at an average interest of 4.75% and 5.625% respectively.
