Egypt C.Bank to Issue one-year Treasury Bills worth €650mn

By Yomna Yasser On Nov 13, 2014

Egypt’s Central Bank announced on Thursday it would offer a 650 million euro ($810 million) one-year treasury bill to local banks and foreign financial institutions at an auction on Nov. 17.

The government has turned mainly to the local money market to finance its public deficit since Egypt’s popular uprising in early 2011 deterred most foreign investors.

It last issued a dollar-denominated bill in June.

Source: Reuters