Egypt’s CBE auctions EGP 50b in T-bills

By Nada Ali On Sep 29, 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 50 billion Egyptian pounds in treasury bills (T-bills) on Sunday, in coordination with the Ministry of Finance.

The auction shall be in two tranches: a 91-day T-bills worth 30 billion pounds to be matured on 31/12/2024, and a 273-day T-bills worth 20 billion pounds to be matured on 01/07/2025, 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