
Valu To Issue EGP 800M In Treasury Bonds Next Month
This follows a recent issuance earlier this week, which raised EGP 888m.
Thirteen financial institutions, predominantly investment funds along with several banks, fully subscribed to the latest issuance. bank ABC Egypt contributed approximately 22.07%, amounting to EGP 196m. Arab African International Bank secured a 45% stake, equivalent to EGP 400m, while the National Bank of Kuwait – Egypt took a 7.88% share, totaling EGP 70m.
The Banque Misr Mutual Fund acquired a 5% stake with an investment of EGP 44.4m. The Commercial International Bank's Money Market Fund subscribed to 13.88% of the bonds, investing EGP 123.26m. The Suez Canal Bank Money Market Fund (Al Suez Al youmi) committed to approximately 1.13%, or EGP 10m.
The Fawry Fund took a 3.55% share, investing EGP 31.5m, while the Civil Aviation Finance Holding Company's Money Market Fund Sarwaty acquired 0.17%, worth EGP 1.5m. The Sarwa Life Insurance Money Market Fund covered 0.39% of the issuance, equivalent to EGP 3.5m.
The Misr Life Insurance Fund secured a 0.17% stake, valued at EGP 1.55m. The Allianz Life Insurance Fund's share was 0.38%, worth an estimated EGP 3.35m. Lastly, the CI Asset Management Money Market Fund participated with an investment of EGP 2.9m, representing 0.33% of the total issuance.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment