Cairo: Finance Minister Ahmed Kouchouk has announced that a new tranche of the 'Citizen Bond' will be available at post offices across the country in the coming days. The first issuance of the bond experienced strong public demand and generated significant proceeds within a three-week period.

According to State Information Service Egypt, the minister stated that the bond offers a fixed annual return of 17.75 percent, net of taxes, with monthly payments over an 18-month term. Kouchouk emphasized that this financial instrument presents a secure investment opportunity for citizens to engage directly with government securities.

The bond is priced with a nominal value of 1,000 Egyptian pounds and is available in multiples, with a minimum investment requirement of 10,000 pounds. Kouchouk highlighted the government's commitment to providing a savings and investment vehicle that offers a stable, fixed periodic return paid monthly over the specified term.

Additionally, the bond is redeemable after four months, either in full or in part, in accordance with the rules detailed at the post offices.