C. Egypt Offers EGP5 bln T-Bonds Today

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt (CBE) is offering today EGP5 billion treasury bonds.

Throughout its official website, the CBE stated that the bonds divided in to three categories the first; 3-yearworth EGP1 billion the second offering; 5-yearamounts to EGP2billion and the third offering 10-year worth EGP2 billion.

It is expected that the value of state’s budget exceeded EGP200 billion that will be financed through the offer of CBE to treasury bills and bonds, in addition the Egyptian government instruments via the aids and grants from the Arab countries and international loans.