Egypt’s c. bank announces EGP 55b in T-bills
The Central Bank of Egypt (CBE), in coordination with the Ministry of Finance, announced an auction on Monday of 55 billion Egyptian pounds in treasury bills (T-bills).
The auction will be conducted in two tranches:
- 30 billion Egyptian pounds for 91 days, maturing on September 24, 2024.
- 25 billion Egyptian pounds for 273 days, maturing on March 25, 2025.
Treasury bills are short-term government debt instruments used to finance government activities. They offer investors a fixed rate of return over their maturity period, which typically ranges from three months to one year.
Attribution: CBE website
