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CBE unveils EGP 24bn bonds on Monday

CBE unveils EGP 24bn bonds on Monday
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Cairo – Mubasher: The Central Bank of Egypt (CBE) offered fixed treasury bonds (T-bonds) at a combined value of EGP 22.50 billion over three auctions on Monday, 11 August.

The first tranche stood at EGP 7 billion and will mature in two years on 5 August 2027, according to official data.

Holding a tenor of three years until 5 August 2028, the second offering was valued at EGP 15 billion.

Finally, the third issue amounted to EGP 500 million, carrying a five-year maturity period until 8 July 2030.

The financial authority issued floating-rate T-bonds worth EGP 1.50 billion, holding a tenor of five years until 1 July 2030.