Central Bank of Egypt offers $218mln T-bonds; floating-rate noted unveiled

Getty Images

The first issue was valued at $59mln, holding a two-year maturity period until 14 January 2027

Staff Writer, Mubasher

January 20, 2025

PHOTO

Cairo – The Central Bank of Egypt (CBE) issued fixed treasury bonds (T-bonds) at an aggregated value of EGP 11 billion through two tranches on Monday, 20 January 2025.

The first issue was valued at EGP 3 billion, holding a two-year maturity period until 14 January 2027, according to official data.

The second tranche stood at EGP 8 billion and will mature in three years on 7 January 2028.

Meanwhile, the central bank offered floating-rate T-bonds worth EGP 1.50 billion, carrying a tenor of five years until 7 January 2030.

On 13 January, the financial authority issued debt instruments at a combined value of EGP 15.50 billion.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO