CBE to Auction T-bills worth 5 billion Pounds Tomorrow

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will be offering tomorrow, Sunday 91 and 273-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 273-day amounts to EGP 3 billion.

Within this month, Egyptian government is targeting the issuance of treasury bills and treasury bonds totalling EGP 79 billion, up from EGP 69 billion auctioned throughout last March.