Egypt C.Bank to Auction T-bills worth 5 billion Pounds Today

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt is set to raise today 91and 266-day treasury bills worth EGP 5 billion.

Throughout its official website, the CBE stated that the first offering; 91-day is at value of EGP 2 billion, whereas the second offering; the 266-day amounts to EGP 3 billion.

Within the third quarter of the current fiscal year, the Egyptian government is targeting the issuance of treasury bonds and treasury bills totaling EGP 203 billion, compared to EGP 206.5 billion offered during previous quarter.