Egypt’s Finance Says to Auction EGP3 bln T-bonds Tomorrow

Egypt’s Ministry of Finance said it will be offering tomorrow Monday 5- and 10-year treasury bonds worth EGP 3 billion.
The ministry has pointed out through its website that the 5-year treasury bonds are worth EGP1.5 billion, whereas the 10-year treasury bonds are at value of EGP 1.5 billion as well.

Within the first quarter of the FY2013/14, the Egyptian Finance Ministry is targeting the issuance of 3-, 5-, 7- and 10-year treasury bonds at values of EGP 13 bln, EGP 6 bln, EGP 6.5 bln and EGP 8.5 bln, respectively.