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CBE auctions EGP 1.25bn debt instruments on Monday

CBE auctions EGP 1.25bn debt instruments on Monday
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Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) and floating-rate T-bonds at a combined value of EGP 1.25 billion on Monday, 22 May.

The fixed coupon stood at EGP 250 million and will mature in seven years on 7 May 2029, according to official data.

Holding a tenor of three years until 23 May 2026, the floating-rate note was valued at EGP 1 billion.

A week ago, the CBE issued T-bonds worth EGP 3.50 billion through two tranches.