Egypt To Offer 91-, 273-Day T-Bills Worth EGP 4.5 Bln
The Egyptian Ministry of Finance will offer 91- and 273-day T-bills worth EGP 4.5 billion next Sunday.
91-day T-bills, which will be offered at value of EGP 1 billion, will be mature on April 16th, 2013.
273-day T-bills, which will be offered at value of EGP 3.5 billion, will be mature on October 15th, 2013.
The average return on the recently offered 91-day T-bills registered 13.581%, while the average return on the recently offered 257-day T-bills reached 13.482%.
The Ministry plans to offer 91-day T-bills worth EGP 8.5 billion and 273-day T-bills worth EGP 43.5 billion in Q3 of FY 2012/2013.
Egypt uses government debt instruments such as treasury bills and bonds as well as asks for foreign grants and aids so as to finance the budget deficit which widened to EGP 200 billion.
