Egypt Advances EGP 6 Bln T-Bills Auction To Wednesday

By Administrator On Jan 23, 2013

The Egyptian Ministry of Finance decided to advance an auction to sell T-bills from Thursday which will correspond with “Al-Moled Al-Nabawi” (Birthday of Prophet Mohammed) to Wednesday.

The Ministry of Finance announced that it will offer 182-and 364-day T-bills worth EGP 6 billion in an auction today. The Ministry added that it will offer 91-and 273-day T-bills worth EGP 4 billion in an auction next Sunday.

The Central Bank of Egypt (CBE) sells T-bills on behalf of the Ministry of Finance.