CBE to Auction T-bills worth 7 billion Egyptian Pounds Today

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will be offering today 182 and 364-day treasury bills worth EGP 7 billion.

Throughout its official website, the CBE stated that the first offering; 182-day is at value of EGP 3 billion, whereas the second offering; the 364-day amounts to EGP 4 billion.

Within the last quarter of the current fiscal year (April-June 2014), Egyptian government is issuing treasury bills and treasury bonds totalling EGP 305 million.