Egypt central bank issues treasury bonds worth 3 bln Egyptian pounds today

Egypt’s central bank is issuing Monday treasury bonds worth 3 billion Egyptian pounds ($337.7 million) to finance the country’s state budget deficit.

In a statement on Monday, the bank said it would raise two treasury bonds; the first worth 2.5 billion pounds, to mature in 5 years, while the second is valued at 500 million pounds, to mature in 10 years.

Current deficit is worth 240 billion pounds in the current financial year budget.