Egypt offers EGP 70b T-bills

By Nada Ali On Mar 31, 2024

Egypt's central bank remittances rates Remittances — Egypt's central bank (CBE photo)

The Central Bank of Egypt (CBE) is auctioning 70 billion Egyptian pounds in treasury bills (T-bills) on Sunday, in coordination with the Ministry of Finance, according to a CBE statement on its website.

The auction shall be in two tranches: 40 billion pounds for 91-day to be maturated on 02/07/2024 and 30 billion pounds for 273-day to be maturated on 31/12/2024.

Treasury bills are short-term government debt instruments with maturities ranging from three months to a year.

CBE CBE treasury bills Central Bank of Egypt Central Bank of Egypt (CBE)Egypt's central bank Egypt's Ministry of Finance Egyptian Ministry of Finance Egyptian Treasury Bills