Bond Egypta 0% ( EGT99808BM11 ) in EGP

Issuer	Egypta
Market price	100 % ⇌
Country	Egypt
ISIN code	EGT99808BM11 ( in EGP )
Interest rate	0%
Maturity	07/11/2022 - Bond has expired
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Minimal amount	25 000 EGP
Total amount	94 799 175 000 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 recent financial update confirms the maturity and subsequent redemption of a specific Egyptian sovereign bond, identified by ISIN EGT99808BM11. This debt instrument, issued by the government of Egypt as part of its sovereign debt management, reached its maturity date on November 7, 2022, and was fully repaid to bondholders. Trading at 100% of its nominal value at the time of redemption, the bond was denominated in Egyptian Pounds (EGP) and notably featured a 0% interest rate, indicating its structure as a zero-coupon bond, with its single payment occurring upon maturity. The total issuance size for this series amounted to EGP 94,799,175,000, with a minimum subscription threshold of EGP 25,000, reflecting the parameters set for this particular government financing endeavor, thereby underscoring the issuer's fulfillment of its financial commitments on this specific obligation.