Egypt’s c. bank offers EGP 75b in T-bills

The Central Bank of Egypt (CBE), in coordination with the Ministry of Finance, is auctioning on Monday dollar-denominated treasury bills worth EGP 75 million, according to a CBE statement on its website.

The auction is in two tranches: 91-day T-bills worth 35 billion pounds to mature on 05/08/2025 and 273-day T-bills worth 40 billion pounds to mature on 03/02/2026, as per the statement.

The Ministry of Finance authorises the CBE to manage the issuance of these bills throughout the financial year, with proceeds used to finance and cover expenditures outlined in the state’s current financial year budget (2023-2024).

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama