Egypt’s c. bank offers EGP 55b in T-bills on Sunday

By M.S. Salama On Jun 9, 2024

Egypt Central Bank of Egypt's — The Central Bank of Egypt's (CBE) headquarters in the new administrative capital (CBE Photo)

The Central Bank of Egypt (CBE) is offering 55 billion Egyptian pounds in treasury bills (T-bills) on Sunday, in coordination with the Ministry of Finance, according to a CBE statement on its website.

The auction shall be in two tranches: 30 billion pounds for 91 days, and 25billion pounds for 273 days, as per the statement.

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

CBE T-bills and bonds