Central Bank of Egypt announces $307mln T-bonds on Monday

Reuters/REUTERS

The first offering stood at $102mln and will mature in two years on 1 October 2026, according to official data.

Staff Writer, Mubasher

October 28, 2024

PHOTO

Cairo – The Central Bank of Egypt (CBE) issued fixed treasury bonds (T-bonds) at a combined value of EGP 15 billion through two tranches on Monday, 28 October 2024.

The first offering stood at EGP 5 billion and will mature in two years on 1 October 2026, according to official data.

The second tranche was valued at EGP 10 billion, carrying a tenor of three years until 1 October 2027.

A week ago, the CBE unveiled T-bonds and a floating-rate note at an aggregated value of EGP 14 billion.

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