Egypt’s CBE auctions EGP 60b in T-bills

By Nada Ali On Sep 22, 2024

The Egyptian Central Bank offices in Cairo, Egypt (AP).

The Central Bank of Egypt (CBE) is offering 60 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 40 billion pounds to be maturated on 24/12/2024, and a 273-day T-bills worth 20 billion pounds to be maturated on 24/06/2025, 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

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