Egypt to issue $950 million 1-year Treasury Bill

Big 5

The Egyptian government plans to issue a $950 million 1-year treasury bill Monday, the Central Bank of Egypt has said.

The issue is open to local banks as well as international financial institutions, with the auction deadline ending tomorrow.

Egypt’s international reserves inched down to $15.33 billion at the end of December from $15.88 billion a month prior.

Source: Ahram Online

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