Egypt’s CBE announces EGP 45b in T-bills

By Nada Ali On Jun 23, 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), in coordination with the Ministry of Finance, announced an auction on Sunday of 45 billion Egyptian pounds in treasury bills (T-bills).

The auction will be conducted in two tranches:

25 billion Egyptian pounds for 182 days, maturing on December 24, 2024.
20 billion Egyptian pounds for 364 days, maturing on June 23, 2025.

Treasury bills are short-term government debt instruments used to finance government activities. They offer investors a fixed rate of return over their maturity period, which typically ranges from three months to one year.

Attribution: CBE website

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