CBE to Auction T-bills worth 5.5 billion Pounds Tomorrow

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will be offering tomorrow 91 and 266-day treasury bills worth EGP 5.5 billion.

Throughout its official website, the CBE stated that the first offering; 91-day is at value of EGP 2.5 billion, whereas the second offering; the 266-day amounts to EGP 3 billion.

Egypt’s Finance Ministry is issuing treasury bills and treasury bonds to go for filling the state’s budget deficit which reached EGP 163 billion during the period from July to April of the current fiscal year.