Egypt’s c. bank issues EGP17b in T-bills

The Central Bank of Egypt (CBE), in coordination with the Ministry of Finance, is offering 17 billion Egyptian pounds in treasury bills (T-bills) on Sunday.

The auction is in two tranches: EGP 7 billion in two-year T-bills maturing on 08/07/2027, and EGP 10 billion in three-year T-bills maturing on 01/07/2028, according to 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