Egyptian Finance to Offer T-Bills, Bonds Worth EGP 7 bln

The Egyptian Finance Ministry will offer tomorrow 91-and 266 day treasury bills with EGP5.5 billion, in addition offering 3-years treasury bonds with EGP 1.5 billion.

Through its official website, the ministry said the first offer which is 91-day worth EGP 2billion whereas the second offer which is 266-day worth EGP 3.4 billion.

The Ministry has explained that the time of offering 3-year t-bills worth EGP 1.5 billion has been provided for tomorrow instead of Monday.

The Ministry will resort to raise treasury bills and bonds to face the budget deficit which recorded EGP 40 billion in June and August.