FinMin to issue treasury bills of 10.2 bln Egyptian pounds Sunday

Egypt’s Ministry of Finance is issuing Sunday treasury bills worth 10.25 billion Egyptian pounds ($1.15 billion) to fill the country’s state budget deficit.

In a statement released on Saturday, the ministry said it would raise two treasury bills; the first worth 4.75 billion pounds, to mature in 91 days. The second is at value of 5.5 billion pounds, to mature in 273 days.

State budget deficit reached 121.25 billion pounds in the current month.