Bond Egypta 0% ( EGT998069M18 ) in EGP

Issuer	Egypta
Market price	100 % ⇌
Country	Egypt
ISIN code	EGT998069M18 ( in EGP )
Interest rate	0%
Maturity	06/09/2022 - Bond has expired
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Minimal amount	25 000 EGP
Total amount	78 014 875 000 EGP
Detailed description	Egypt is a transcontinental country spanning northeast Africa and southwest Asia, known for its ancient civilization, including iconic landmarks like the pyramids of Giza and the Sphinx. A detailed analysis of the Egyptian sovereign bond identified by ISIN EGT998069M18 provides insight into the concluded lifecycle of a specific debt instrument issued by the Arab Republic of Egypt. As a sovereign state, Egypt actively participates in global and domestic capital markets, with its Ministry of Finance issuing debt instruments to secure funding for national development, budgetary requirements, and public sector projects, positioning it as a significant borrower among emerging market economies. This particular bond, denominated in Egyptian Pounds (EGP), represented a substantial total issuance size of EGP 78,014,875,000, reflecting a significant governmental fundraising initiative. A key feature of this bond was its zero-coupon structure, evidenced by a 0% interest rate and a single payment frequency, implying that investors acquired the bond at a discount and received its full principal value upon maturity without periodic interest payments; the minimum investment for this bond was EGP 25,000. With its scheduled maturity date on September 6, 2022, the bond has successfully completed its term and has been redeemed, with its market value at redemption recorded at 100%, thereby confirming the Egyptian government's timely fulfillment of its principal repayment obligations to bondholders for this specific instrument.