Egypt’s CBE auctions EGP 55b T-bills

The Central Bank of Egypt (CBE) is auctioning 55 billion Egyptian pounds in treasury bills (T-bills) on Sunday, according to a CBE statement on its website.

The auctions are being offered in two tranches: 30 billion pounds for 91 days to be maturated on 09/07/2024 and another 25 billion pounds for 273 days to be maturated on 07/01/2025.

Treasury bills are short-term government debt instruments with maturities ranging from three months to a year.

(1 United Stated dollar = 47.33 Egyptian pound)