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Egypt’s Ministry of Finance issued locally denominated sukuk on Tuesday, 5 May, via an auction conducted by the Central Bank of Egypt (CBE). The three‑year sukuk carry a fixed return and are valued at EGP 1 billion ($18.6 million).
The instruments offer an annual yield of 21.3%, paid semi‑annually, and will mature on 10 May 2029.
(Writing by Ahmad Mousa; editing by Seban Scaria)
