Egypt’s c.bank offers 18 bln pounds T-bills on Sunday

By Amwal Al Ghad English On Aug 30, 2020

Egypt's central bank Egyptians central bank — Egypt's central bank (CBE)

The Central Bank of Egypt (CBE) offered on Sunday treasury bills worth 18 billion Egyptian pounds ($1.1 billion) on behalf of the Finance Ministry.

The first tranche of T-bills is offered through 91-day notes valued at 8 billion pounds, while the second tranche is worth 10 billion pounds and will be offered through 273-day notes, CBE said on its official website.

The issuance will be used to finance the country’s budget deficit. State-owned banks are the top purchasers of the government debt instruments.

Central Bank of Egypt (CBE)Egypt's Finance Ministry T-bills treasury bills