Central Bank of Egypt to Auction EGP5.5bn T-bills Tomorrow

Big 5

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will launch Sunday new short term Treasury bills (T-bills) at value of 5.5 billion Egyptian pounds (around US$769.2 million).

Bids will be held in two tranches, according to CBE’s website.

The central bank will be offering T-Bills totalling EGP 5.5 billion on Sunday, of which EGP 2.5 billion will mature in 91 days and EGP 3 billion will mature in 266 days.

Within August, Egypt’s government is planning to offer debt instruments at value of 63.5 billion Egyptian pounds, compared to 78 billion launched last July.

Comments
Loading...