Egypt’s CBE auctions EGP 60b in t-bills

By Yomna Yasser On Aug 11, 2024

Egypt Central Bank of Egypt's — The Central Bank of Egypt's (CBE) headquarters in the new administrative capital (CBE Photo)

The Central Bank of Egypt (CBE) is offering 60 billion Egyptian pounds worth of treasury bills (t-bills) this Sunday in collaboration with the Ministry of Finance.

The auction will consist of two tranches: a 91-day bill valued at 40 billion pounds maturing on May 13, 2024, and a 273-day bill worth 20 billion pounds maturing on May 13, 2025.

Treasury bills are short-term government debt instruments typically ranging from three to twelve months in maturity.

Attribution: CBE Data