Today, next Monday, December 16, the Central Bank of Egypt will issue fixed and variable-yield treasury bonds worth 19 billion pounds.
According to the Central Bank’s website, the value of the fixed-return bonds amounts to 17 billion pounds through two offerings. The value of the first offering is 5 billion pounds for a period of two years, with a semi-annual return payment period, and a maturity date of October 1, 2026, while the value of the second offering is 12 billion pounds for a period of 3 years and with an payment periodicity. Annual return and maturity date on December 3, 2027.
The value of the variable-yield bonds amounted to two billion pounds for a period of 5 years, with a quarterly return payment period, with an indicative margin of 01124%, and a maturity date of October 1, 2029.
The government borrows through treasury bonds and bills over different time periods, and government banks are the largest buyers of them.
At its last meeting, the Monetary Policy Committee decided to keep the deposit and lending rates unchanged at 27.25% and 28.25%, respectively, and the credit and discount rates at 27.75%.
