Ahmed Kamel – Egypt Daily News
The Egyptian Ministry of Finance is preparing to reissue the “Citizen Bond” in the coming days through post offices nationwide, offering a fixed annual return of 17.75 percent. The decision follows the overwhelming success of the initial issuance, which attracted broad public participation in a short period.
Ahmed Kouchouk, Egypt’s finance minister, said the previous offering achieved strong subscription levels within just three weeks, reflecting growing individual interest in government-backed savings instruments.
The bond provides a fixed annual return of 17.75 percent, paid monthly over an 18-month period, ensuring investors receive regular cash flow. Each bond has a nominal value of 1,000 Egyptian pounds, with subscriptions in multiples of that amount, and a minimum investment threshold of 10,000 pounds, making it accessible to a wide segment of the population.
The offering aligns with the ministry’s strategy to broaden the investor base for government debt instruments while providing stable, reliable saving options.
A notable feature of the bond is the early redemption option, allowing investors to fully or partially withdraw their funds after four months from the purchase date, in accordance with official regulations. This flexibility enhances the instrument’s appeal and allows investors to manage their liquidity needs effectively.
Analysts note that the high demand for the “Citizen Bond” underscores growing public confidence, particularly among small investors. With its competitive monthly returns and government backing, the bond is viewed as a strong alternative to traditional bank products, combining high yield with guaranteed security.
