Egypt’s c. bank offers EGP 60B T-bills

By Nada Ali On Feb 29, 2024

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

The Central Bank of Egypt (CBE) is issuing 60 billion Egyptian pounds in treasury bills (T-bills) on Thursday, in collaboration with the Ministry of Finance, according to a CBE statement on its website.

The bills are being offered in two tranches: 30 billion pounds for a 182-day period and another 30 billion pounds for a 364-day period. Treasury bills are short-term government debt instruments with maturities ranging from three months to a year.

The bank issued on Wednesday corridor-linked deposits for a duration of 35 days for 150 billion pounds, and the total amount to be returned is 200 billion pounds.

CBE CBE treasury bills Central Bank of Egypt Central Bank of Egypt (CBE)Egypt's central bank Egyptian Ministry of Finance Egyptian Treasury Bills fixed-rate deposits