Egypt’s c. bank issues EGP 60b in T-bills

The Central Bank of Egypt (CBE), in coordination with the Ministry of Finance, is offering 60 billion Egyptian pounds in treasury bills (T-bills) on Thursday.

The auction is in two tranches: 91-day T-bills worth 30 billion pounds to mature on 01/07/2025 and 273-day T-bills worth 30 billion pounds to mature on 30/12/2025, as per the statement.

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

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama