Egypt’s FinMIN to Offer T- Bills Worth EGP 6 Bln Today

Egypt’s Ministry of Finance is set to offer 91- and 273-day treasury bills totaled at EGP 6 billion today.

Ministry of Finance, via its official website, announced that 91-day treasury bills are valued at EGP 3 billion, whereas the 273-day T-bills are also worth EGP 3 billion.

The ministry has successively managed to to offer 182- and 364-day t-bills totaled at EGP 7 million, recording average yield of 14.434% and 14.877% respectively.

The Egyptian ministry is targeting offering T-bills and T-bonds worth EGP 60.5 billion within this June, compared to EGP 38 billion offered last May.