Egypt’s CBE auctions EGP 50b in T-bills
The Central Bank of Egypt (CBE) is offering 50 billion Egyptian pounds in treasury bills (T-bills) on Sunday, in coordination with the Ministry of Finance.
The auction shall be in two tranches: a 91-day T-bills worth 30 billion pounds to be matured on 28/01/2025, and a 273-day T-bills worth 20 billion pounds to be matured on 29/07/2025, as per the statement.
Treasury bills are short-term government debt instruments with maturities ranging from three months to a year.
Attribution: CBE website
Subediting: M. S. Salama
