Egypt’s Finance Raises EGP5.5 bln T-bills Today

Egypt’s Ministry of Finance is planning to offer today 91- and 266-day treasury bills valued at EGP 5.5 billion.

Through its official website, the ministry noted that the 91-day treasury bills are worth EGP 2 billion, whereas the 266-day T-bills are at value of EGP 3.5 billion.

It is worth noting that, the Egyptian finance ministry managed last Thursday to sell 182- and 357-day t-bills worth EGP 7 billion at interest rates of 13.513% and 14.012% respectively.