Egypt Offers 91-, 266-Day T-Bills Worth EGP 4.5 Bln On Sunday

By Administrator On Feb 2, 2013

The Egyptian Ministry of Finance will offer 91- and 266-day T-bills worth EGP 4.5 billion next Sunday.

The Ministry stated that it will offer 91-day T-bills worth EGP one billion and 266-day T-bills worth EGP 3.5 billion in auctions tomorrow.

The Ministry targets to sell treasury bills and bonds worth EGP 97.5 billion in February and March. The Ministry sells government debt instruments in order to finance the widening budget deficit which is expected to reach EGP 200 billion by the end of the current fiscal year.

The Central Bank of Egypt (CBE) sells treasury bills and bonds on behalf of the Ministry of Finance.