Egypt’s Ministry of Finance has collected EGP 350 million within the first two days of offering its newly introduced “Citizen Bond,” according to official statements.
The bond, which was made available through the nationwide network of the Egypt Post starting Sunday, has recorded notable demand, particularly across post offices in Upper Egypt, a senior official at the National Postal Authority said, as cited by the Middle East News Agency.
The Citizen Bond carries a fixed annual return of 17.75% net of taxes, with interest paid on a monthly basis over a period of 18 months.
Each bond has a nominal value of EGP 1,000, while the minimum subscription amount is set at EGP 10,000. Monthly coupon payments will be disbursed on the 15th of each month.
The subscription window will remain open until 8 March.
Investors who do not currently hold an account with Egypt Post are required to open one in accordance with the governing regulations, as holding a postal account is a prerequisite for completing the subscription process.
The bonds are available through more than 4,000 post offices across Egypt’s governorates, ensuring broad geographic coverage and accessibility to retail investors nationwide.
The EGP 350 million raised during the first two days reflects early public engagement with the offering, as the Ministry of Finance continues to mobilize domestic savings through accessible fixed-income instruments.
