Egypt’s c. bank offers EGP 65b in T-bills

By Nada Ali On Dec 15, 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 65 billion Egyptian pounds in treasury bills (T-bills) on Sunday, in coordination with the Ministry of Finance.

The auction is in two tranches: a 91-day T-bills worth 40 billion pounds to be matured on 18/03/2025, and a 273-day T-bills worth 25 billion pounds to be matured on 16/09/2025, 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