Egypt’s c. bank auctions EGP 65b in T-bills

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By Nada Ali
The Egyptian Central Bank offices in Cairo, Egypt (AP).

The Central Bank of Egypt (CBE) is offering 65 billion Egyptian pounds in treasury bills (T-bills) on Sunday, in coordination with the Ministry of Finance.

The auction is in two tranches: a 91-day T-bills worth 40 billion pounds to be matured on 04/03/2025, and a 273-day T-bills worth 25 billion pounds to be matured on 02/09/2025, as per the statement.

Treasury bills are short-term government debt instruments with maturities ranging from three months to a year.

Attribution: CBE website

Subediting: M. S. Salama

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