Egypt’s c. bank offers EGP 50b in T-bills

By Nada Ali On May 9, 2024

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

The Central Bank of Egypt (CBE) on Thursday offered a total of 50 billion Egyptian pounds in two treasury bill auctions, according to a CBE statement on its website.

This auction offers investors two options for investing in government debt with varying maturities.

Investors can choose between:

182-day T-bills: offering an investment of 25 billion pounds with a maturity day of November 12th, 2024.

364-day T-bills: offering an investment of 25 billion pounds with a maturity day of May 13th, 2025.

The CBE likely releases details on the accepted bids and weighted average yields on their website after the auction concludes.

(1 United States dollar = 47.44 Egyptian pounds)

CBE CBE treasury bills Central Bank of Egypt Central Bank of Egypt (CBE)dollar EGP Egypt's central bank Egypt's Ministry of Finance