Central Bank of Egypt to issue Sunday $1.1 bln treasury bills

Egypt’s central bank is to issue on Sunday on behalf of the ministry of finance treasury bills worth 10 billion Egyptian pounds ($1.1 billion) to fill the country’s state budget deficit.

In a statement released on Saturday, the bank said it would raise two treasury bills; the first worth 4.7 billion pounds, to mature in 91 days. The second is at value of 5.2 billion pounds, to mature in 273 days.