Egypt's Finance Minister Ahmed Kouchouk announced the re-offering of the Citizen Bond through post offices nationwide in the coming days, building on the strong demand from its initial launch last month. The first tranche, introduced in February, generated significant proceeds within three weeks.
In a statement, Kouchouk highlighted the citizen interest in the first issuance of the Citizen Bond, launched exclusively through Egypt Post branches as a secure, high-yield investment option (see earlier coverage in this series for full details).
The re-offering responds to that demand, with the bond maintaining its attractive features: a fixed 17.75% annual return, tax-exempt and paid monthly over an 18-month tenor, nominal value of EGP 1,000 (multiples), and minimum subscription of EGP 10,000.
Investors can redeem after four months, partially or fully, via post office procedures. Kouchouk emphasized this as a key opportunity for citizens to invest in government securities, underscoring the state's push to expand accessible savings options.
The initiative continues to aim at boosting public participation in financial markets, following the successful debut.