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Egypt's c. bank offers EGP 2b FRN T-bonds
Nada Ali Published in Amwal Al Ghad on 07 - 10 - 2024

The Central Bank of Egypt (CBE) announced on Monday the issuance of two billion Egyptian pounds worth of floating-rate note (FRN) treasury bonds. The bonds are set to mature on October 08, 2027.
The interest rate on these three-year bonds will be calculated based on a formula: Coupon = {(Benchmark + Fixed Spread) / (1 – 20%)}. The bonds will pay interest quarterly, with an indicative spread of 35.0553 per cent.
Attribution: CBE website
Subediting: M. S. Salama

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