ICEC

Egyptian Finance to Offer T-Bills Worth EGP 5.5 bln On Monday

The Egyptian Finance Ministry will  offer tomorrow throughout the Central Bank of Egypt (CBE)  91- and- 273 day treasury bills worth EGP 5.5 billion.

 The Ministry has scheduled to sell 91-day treasury bills with EGP 1 billion, and 273-day with EGP 305 billion.

 It is worth mentioning that the Ministry has postponed the offerings  from Sunday to Monday due to 6th of October holiday.

 The Ministry is planning to raise 91-and- 182 day treasury bills and 273-and- 364 day, in addition 3-and-5 year , 7-and-10 year, as well as offering 18-month zero-coupon bonds(without return) worth EGP 206.5 billion within the second quarter of the current fiscal year of 2013/2014.

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