Egypt’s c. bank auctions EGP 50b in T-bills

By Nada Ali On Sep 26, 2024

Egypt's CBE — Headquarters of the Central Bank of Egypt in the new capital (CBE Photo)

The Central Bank of Egypt (CBE) is offering 50 billion Egyptian pounds in treasury bills (T-bills) on Thursday, in coordination with the Ministry of Finance.

The auction shall be in two tranches: a 182-day T-bills worth 30 billion pounds to be maturated on 01/04/2025, and a 364-day T-bills worth 20 billion pounds to be maturated on 30/09/2025, as per the statement.

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

Attribution: CBE website

Subediting: M. S. Salama

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