The Central Bank of Egypt announced on its official website today, Monday, that it is issuing treasury bonds with a total value of EGP 15 billion:
Fixed-rate bonds for 2 years worth EGP 5 billion, with semi-annual interest payments, maturing on 21 April 2028.
Fixed-rate bonds for 3 years worth EGP 7 billion, with semi-annual interest payments, maturing on 31 March 2029.
Floating-rate bonds for 3 years worth EGP 3 billion, with quarterly interest payments, maturing on 21 April 2029.
The Central Bank noted that the Monetary Policy Committee, in its latest meeting, decided to keep key interest rates unchanged. Accordingly, the overnight deposit rate, overnight lending rate, and the main operation rate were maintained at 19.0%, 20.0%, and 19.5%, respectively, while the credit and discount rate was kept at 19.5%.
The Ministry of Finance authorizes the Central Bank throughout the fiscal year to manage its issuances of treasury bills and bonds in Egyptian pounds, with proceeds directed to finance and cover items in the state’s general budget for the current fiscal year.