Egypt issues treasury bonds and sukuk worth EGP 42 billion: details of returns and the new offering
The Egyptian Ministry of Finance announced the issuance of Treasury bonds and sukuk totaling EGP 42 billion, as part of efforts to enhance financial liquidity and support public debt management. This issuance aligns with the government’s strategy to provide diverse investment instruments for both local and international investors.
Treasury Bond Yields Details
According to official data published on the Ministry of Finance website, the Treasury bond yields were as follows:
- Two-Year Treasury Bonds:
- Average yield: 22.26%
- Highest yield: 22.52%
- Lowest yield: 22%
- Three-Year Treasury Bonds:
- Average yield: 21.14%
- Highest yield: 21.3%
- Lowest yield: 20.9%
Three-Year Sukuk: Competitive Returns
The Ministry also reported that the average yield of three-year Treasury sukuk reached 21.07%, with a highest yield of 21.15% and a lowest yield of 21%, providing a stable investment opportunity for investors seeking fixed returns.
Issuance Volumes: Bonds and Sukuk
The daily offering included:
- Two-year Treasury Bonds: EGP 14 billion
- Three-year Treasury Bonds: EGP 23 billion
- Three-year Treasury Sukuk: EGP 5 billion
Importance of the Issuance and Its Role in the Egyptian Economy
This issuance is part of the Ministry of Finance’s efforts to enhance local debt instruments, provide diverse investment opportunities, and support the state treasury in meeting domestic and international financing needs. It also reflects the government’s commitment to offering competitive yields to investors and encouraging participation in Egypt’s debt market.
