Egypt’s c.bank auctions EGP 40b in T-bills

The Central Bank of Egypt (CBE), in coordination with the Ministry of Finance, is offering 40 billion Egyptian pounds ($830 million) in treasury bills (T-bills) on Sunday, as part of its ongoing efforts to manage liquidity and finance the budget deficit.

According to a statement, the auction is conducted in two tranches:

• 30 billion pounds in 91-day T-bills, maturing on July 15, 2025, and
• 10 billion pounds in 273-day T-bills, maturing on January 13, 2026.

T-bills are short-term government debt instruments with maturities ranging from three months to one year. They are a key tool used by the government to cover short-term financing needs and regulate liquidity in the banking sector.

Attribution: Amwal Al Ghad English