Central Bank of Egypt Issues EGP 12 Billion in Treasury Bonds

On Monday, November 9, the Central Bank of Egypt (CBE) issued fixed-rate treasury bonds (T-bonds) with a total value of EGP 12 billion (approximately $258.2 million). The issuance included a EGP 2 billion tranche maturing in one and a half years with a coupon rate of 24.429%, and a EGP 10 billion tranche with a three-year tenor and a coupon rate of 24.69%. Additionally, a floating-rate T-bond worth EGP 2 billion was offered.