ArabFinance: Three treasury bond (T-bond) offerings on October 26th registered submitted bids worth more than EGP 20.23 billion in value, according to the Central Bank of Egypt (CBE).

The first 15-year T-bond batch of EGP 1 billion attracted 56 bids worth EGP 1.07 billion.

The CBE approved 33 of the bids at a value of EGP 695.17 million only, with an average interest and coupon rate of 15.342% each.

Another seven-year issue of EGP 4.5 billion notes registered 65 submitted bids valued at EGP 3.50 billion.

The central bank accepted 36 of the bids at a value of EGP 1.57 billion, with an average interest and coupon rate of 14.648% and 14.556%, respectively.

The third T-bond tranche of EGP 4 billion at a three-year tenor saw 197 proposed bids at a value of EGP 15.65 billion.

The CBE gave a nod for 150 of the bids at a value of EGP 11.93 billion, with an average interest and coupon rate of 14.389% and 14.313%, respectively.

The financial institution offered the debt instruments that required an amount of EGP 9.5 billion combined in T-bonds.

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