Egypt c.bank auctions EGP 65b in t-bills

The Central Bank of Egypt (CBE) announced the offering of treasury bills (T-bills) worth 65 billion Egyptian pounds on Sunday as part of its ongoing efforts to manage public debt and finance government operations.

The auction is divided into two tranches:

• 25 billion pounds in 91-day T-bills, set to mature on April 8, 2025.
• 40 billion pounds in 273-day T-bills, scheduled to mature on October 7, 2026.

Treasury bills are short-term debt instruments issued by the government to secure funding, with maturities typically ranging from three months to one year. They are a key tool for managing liquidity in the market and providing investors with low-risk investment options.

Attribution: Amwal Al Ghad English