C. Bank Raises EGP6 bln T-Bills on Thursday

On behalf of the Central Bank of Egypt (CBE), the Egyptian Finance Ministry is offering today 132-and357-day treasury bills worth EGP6 billion.

Throughout its official website, CBE explained that the first offering which is 182-day reached EGP2.5 billion, whereas the second offering which is 357-day up EGP3.5 billion.

The government is targeting to raise treasury bills and bonds with EGP203 billion during the third quarter of the current fiscal year compared to EGP206.5 billion within the previous quarter year.