Central Bank of Egypt Offers EGP 10 Billion in Treasury Bonds with Maturities of Two and Three Years
The Central Bank of Egypt (CBE) on Monday announced the issuance of treasury bonds worth a total of EGP 10 billion through its official website, as part of the government’s ongoing domestic borrowing program.
The offering includes EGP 3 billion in fixed-rate treasury bonds with a two-year maturity, alongside EGP 7 billion in bonds with a three-year maturity. According to the CBE, the two-year bonds will carry a semi-annual coupon and are set to mature on March 17, 2028, while the three-year bonds, also with semi-annual interest payments, will mature on March 31, 2029.
The issuance comes shortly after the Central Bank’s Monetary Policy Committee decided, in its latest meeting, to maintain key interest rates unchanged. Deposit and lending rates for overnight operations were held at 19.0% and 20.0%, respectively, while the main operation rate and the discount rate were both kept at 19.5%.
The move reflects the government’s continued reliance on domestic debt instruments to finance the state budget, with the Ministry of Finance mandating the Central Bank to manage treasury bill and bond issuances in local currency throughout the fiscal year.
Proceeds from these offerings are directed toward funding public expenditure under the current fiscal budget, supporting the government’s financing needs while maintaining liquidity in the domestic debt market.