Suez Canal Certificate Fund. What is the fate of 64 billion pounds?



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She was able to testify Suez Canal This has attracted about 27 billion pounds outside the banking sector, where the yield has reached 12%, reaching 15.5% after the liberalization of the pound sterling exchange rate and the issuance of banks' certificates. State posting returns of up to 20%.

But certificates, subscribed in 2014 by the Egyptians, which have raised 64 billion pounds in just eight days, will return their money to subscribers at the beginning of next month, to open the appetite of many sectors. Economy To attract this money.

Hopes banks The liquidity of the certificates must not come out of its cloak and it must turn back into the orbit of other certificates, whether current certificates or new savings banks that can generate attractive returns. to absorb this liquidity.

With the prospect of lower interest rates in the next few years, some of this cash might be looking for other sanctuaries: the Egyptian capital market will again appear as an investment destination. attractive, all the while the government intends to create new companies as part of the IPO program.

Between banks and the market, real estate investment remains a favorite, as many consider it a store of value and a refuge for their savings.

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Certificates of the Suez Canal attracted about 27 billion pounds outside the banking sector, where the yield reached 12%, then 15.5% after the liberalization of the exchange rate of the pound and the issuance of certificates of state banks with yields of up to 20%.

But the certificates, subscribed in 2014 by the Egyptians and which allowed to collect 64 billion pounds in just eight days, will return their money to subscribers at the beginning of next month, thus opening the appetite of many sectors of the economy for attract these funds.

The banks hope that the liquidity of the certificates will not come out of their mantle and they will turn around other certificates, whether existing certificates or new savings banks that can generate attractive returns to absorb these cash.

With the prospect of lower interest rates in the next few years, some of this cash might be looking for other sanctuaries: the Egyptian capital market will again appear as an investment destination. attractive, all the while the government intends to create new companies as part of the IPO program.

Between banks and the market, real estate investment remains a favorite, as many consider it a store of value and a refuge for their savings.

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