C.Bank to Auction EGP6 bln T-Bills Tomorrow

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will be offering today 182 and 357-day treasury bills worth EGP 6 billion.

Throughout its official website, the CBE stated that the first offering; 182-day is at value of EGP 2.5 billion, whereas the second offering; the 357-day amounts to EGP 3.5 billion.

The government is aiming to borrow EGP79 billion within April through issuing t-bills and bonds compared to EGP69 billion in last March.