{"id":688634,"date":"2026-03-17T00:00:00","date_gmt":"2026-03-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=688634"},"modified":"2026-03-17T03:52:04","modified_gmt":"2026-03-17T03:52:04","slug":"finance-ministry-to-launch-new-citizen-bonds-tranche-next-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/17\/finance-ministry-to-launch-new-citizen-bonds-tranche-next-week\/","title":{"rendered":"Finance Ministry to launch new Citizen Bonds tranche next week"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Finance Ministry will open subscriptions for a new tranche of its <\/strong><strong>recently launched Citizen Bonds next week<\/strong>, with the issuance scheduled for 15 April, Finance Ministry Debt Advisor Mae Adel tells EnterpriseAM. The move follows what Adel described as the \u201cgreat success\u201d of the first offering, which drew more than EGP 5 bn in subscriptions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pricing question:<\/strong> \u201cThe yield for the new tranche is still being studied in light of current market conditions and interest rate levels,\u201d Adel said, noting that the ministry is working to set a ceiling that balances retail investor demand with prevailing yields on T-bills and T-bonds in the primary market. \u201cEach tranche of the Citizen Bond will have a yield aligned with market interest rates,\u201d she told us previously.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, it appears that the new public debt strategy<\/strong> <strong>is now in full swing<\/strong>, with Adel telling us that the strategy is currently being implemented through efforts to lengthen the maturity profile of public debt. \u201cLong-term bonds now account for 15% of total issuances, up from just 1% in 2023, which means that the volume of debt amortizations or maturities over a short period is declining.\u201d Adel noted that this reflects greater debt stability and the beginning of a downward trend.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another sign of implementation is the introduction of new tools:<\/strong> Adel said 11-month treasury bills were issued for the first time this month and have seen strong demand, while the number of three-month issuances has been reduced to lower short-term budget pressure. The 11-month bills on Sunday attracted EGP 68 bn in bids against a target of EGP 25 bn. This high demand helped push yields down from a peak of 29% to a weighted average of 23.4%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the external front, the government is successfully reducing its Eurobond footprint<\/strong>, with Adel noting that the volume of Eurobonds repaid has exceeded new issuances over the current fiscal year \u2014 a trend set to continue under the new debt strategy. She noted that investment inflows from Alam Al Roum and two tranches from the IMF supported this approach, allowing for the repayment of USD 2.3 bn in obligations during February without any new issuances so far.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe yield for the new tranche is still being studied in light of current market conditions and interest rate levels,\u201d Finance Ministry Debt Advisor Mae Adel tells us<\/p>\n","protected":false},"author":1,"featured_media":688635,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[7106,88,72,276],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-688634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam","tag-finance-ministry","wpautop","entry"],"acf":{"mongo_id":"0e3f8f78-d0d2-416a-aac7-a2e774808157","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/54.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Citizen Bonds return after EGP 5 bn debut","related_issue":[688624],"teaser":"\u201cThe yield for the new tranche is still being studied in light of current market conditions and interest rate levels,\u201d Finance Ministry Debt Advisor Mae Adel tells us"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Finance Ministry to launch new Citizen Bonds tranche next week - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/17\/finance-ministry-to-launch-new-citizen-bonds-tranche-next-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Ministry to launch new Citizen Bonds tranche next week\" 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