Bond Egypta 0% ( EGT9980S6M17 ) in EGP

Issuer	Egypta
Market price	100 % ⇌
Country	Egypt
ISIN code	EGT9980S6M17 ( in EGP )
Interest rate	0%
Maturity	28/06/2022 - Bond has expired
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Minimal amount	25 000 EGP
Total amount	5 249 875 000 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 sovereign bond issued by the Republic of Egypt, identified by its ISIN EGT9980S6M17, has successfully reached its maturity and been fully redeemed. The Republic of Egypt, serving as the issuer, is a prominent North African emerging market economy with diverse sectors, including tourism, agriculture, and a growing industrial base, whose sovereign debt instruments are typically backed by the full faith and credit of its government. This specific EGP-denominated bond, maturing on June 28, 2022, was part of a total issuance valued at EGP 5,249,875,000, with a minimum purchase size set at EGP 25,000. Noteworthy for its 0% interest rate and a listed payment frequency of '1', the instrument likely functioned as a zero-coupon bond or a short-term note designed for a single principal repayment at maturity. On its scheduled maturity date, the bond's current market price, effectively its redemption price, was recorded at 100% of its face value, confirming its complete and timely repayment to investors.