Egypt Offers 91-,266-Day T-Bills For Sale Today

The Egyptian Ministry of Finance will offer EGP 4.5 billion worth of treasury bills today. The Ministry said it will offer EGP one billion worth of 91-day T-bills and EGP 3.3 billion worth of 266-day T-bills for sale.

In addition, the Ministry plans to offer 91-,182-,273- and 364-day T-bills and 3-,5-7- and 10-year bonds worth EGP 150 billion by Q2 of FY 2012/2013 in order to finance the aggravated budget deficit which reached EGP 140 billion.