Egypt’s CBE offers EGP 60b in T-bills on Sunday

By Nada Ali On May 12, 2024

The Central Bank of Egypt (CBE) on Sunday auctioned a total of 60 billion Egyptian pounds in two treasury bill auctions, according to a CBE statement on its website.

This auction offers investors two options for investing in government debt with varying maturities.

Investors can choose between:

91-day T-bills: offering an investment of 30 billion pounds with a maturity day of August 13^th, 2024.

273-day T-bills: offering an investment of 30 billion pounds with a maturity day of February 2^nd, 2025.

The CBE likely releases details on the accepted bids and weighted average yields on their website after the auction concludes.

(1 United States dollar = 47.32 Egyptian pounds)

CBE CBE treasury bills Central Bank of Egypt Central Bank of Egypt (CBE)dollar EGP Egypt's central bank Egypt's Ministry of Finance