CBE to Offer EGP6.5 bln T-bills on Thursday

By Yomna Yasser On Nov 20, 2013

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt is set to auction tomorrow 182- and 357-day treasury bills worth EGP 6.5 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 4 billion.

This comes in accordance with the Egyptian Finance Ministry’s plan to offer EGP 63 billion within the month, compared to EGP 67.5 billion raised for last October.