CBE to Auction T-bills worth 5 billion Pounds Today

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will be offering today 91 and 266-day treasury bills worth EGP 5 billion.

Throughout its official website, the CBE stated that the first offering; 91-day is at value of EGP 2 billion, whereas the second offering; the 266-day amounts to EGP 3 billion.

Egyptian government is planning the issuance of treasury bills and treasury bonds totalling EGP 79 billion within the current month, compared to EGP 69 billion offered throughout last March.

Egypt’s Finance Ministry is issuing treasury bills and treasury bonds to go for filling the state’s budget deficit which reached EGP 123.6 billion during the period from July to February of the current fiscal year.