Central Bank of Egypt auctions $349mln debt instruments on Monday

Getty Images

Additionally, the CBE unveiled floating-rate T-bonds worth $41mln through one auction, which holds a five-year maturity period until 1 October 2029

Staff Writer, Mubasher

October 14, 2024

PHOTO

Cairo – The Central Bank of Egypt (CBE) issued fixed treasury bonds (T-bonds) at a total value of EGP 15 billion through two tranches on Monday, 14 October 2024.

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

With a tenor of three years until 1 October 2027, the second auction was valued at EGP 10 billion.

Additionally, the CBE unveiled floating-rate T-bonds worth EGP 2 billion through one auction, which holds a five-year maturity period until 1 October 2029.

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