World Courant
The Central Financial institution of Egypt on Monday launched authorities bonds with mounted and variable returns for a complete worth of LE three billion.
The worth of the mounted return providing is LE2.5 billion for a interval of three years, supplied that the compensation interval is annual in line with the official web site of the Central Financial institution of Egypt, and the coupon price is 23.54 %.
The worth of the floating yield bonds is LE500 million for a interval of three years, supplied the cost time period is periodic.
The return is quarterly, with a coupon yield on the difficulty date of 25.25 %, paid out quarterly, with an indicative margin of 5.5 %.
The federal government borrows via authorities bonds and payments over completely different intervals of time, and authorities banks are its largest patrons.
The Financial Coverage Committee at its final assembly determined to maintain deposit and lending rates of interest unchanged at 19.25 % and 20.25 %.
The Central Financial institution of Egypt points authorities bonds price LE3 billion
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