C.Bank to Auction EGP6bln T-Bills Tomorrow

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will offer tomorrow 182 and 364-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 364-day amounts to EGP 3.5 billion.

The Ministry will provide auctions for tomorrow instead of Thursday due to April25’s holiday.

The government is aiming to borrow EGP204.8 billion within April through issuing t-bills and bonds compared to EGP6203 billion in last March.