Egypt Plans to Issue EGP214.5 billion Treasury Bills, Bonds in Q2

Egypt’s Ministry of Finance announces on Thursday plans to issue treasury bill and treasury bonds totalling EGP 214.5 billion (around US$30 billion) within second quarter of fiscal year 2014/2015.

This comes in comparison with what were offered during the first quarter of FY 2014/2015 of EGP 217.2 billion.

The Egyptian Ministry further said it would offer 91-day, 182-day, 273-day and 364-day treasury bills, amounting to EGP 32.5 billion, EGP 39 billion, EGP 45.5 billion, and EGP 52 billion, respectively.

For the treasury bonds, the Egyptian government would launch 3-year, 5-year, 7-year and 10-year treasury bonds, at values of EGP 14 billion, EGP 10 billion, EGP 6 billion, and EGP 5 billion, respectively.

In addition, the country targets offering 1.5-year zero coupon bonds worth EGP 10.5 billion.

Moreover, the ministry also pointed out that it had issued debt instruments totalling EGP 64 billion during last October, planning to launch EGP 67 billion within the current November, and auction EGP 83.5 billion during December.