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

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.