Egypt’s CBE auctions EGP 65b in T-bills

The Central Bank of Egypt (CBE) is offering 65 billion Egyptian pounds in treasury bills (T-bills) on Thursday, in coordination with the Ministry of Finance.

The auction shall be in two tranches: a 182-day T-bills worth 35 billion pounds to be maturated on 18/02/2025, and a 364-day T-bills worth 30 billion pounds to be maturated on 19/08/2025, as per the statement.

Treasury bills are short-term government debt instruments with maturities ranging from three months to a year.

Egypt’s central bank issued €600 million worth of euro-denominated treasury bills on Monday. The bills carry a 364-day maturity period, with the repayment date set for August 12, 2025.

Attribution: CBE webstie