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

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

Leave a comment