Egypt’s CBE issues EGP 100b in T-bills

By Nada Ali On May 7, 2024

Egypt's central bank remittances rates Remittances — Egypt's central bank (CBE photo)

The Central Bank of Egypt (CBE) on Tuesday issued a total of 100 billion Egyptian pounds in four treasury bills auctions, according to a CBE statement on its website.

This auction offers investors four options for investing in government debt with varying maturities.

Investors can choose between:

182-day T-bills: offering an investment of 25 billion pounds with a maturity day of November 5^th, 2024.

364-day T-bills: offering an investment of 20 billion pounds with a maturity day of May 6^th, 2025.

91-day T-bills: offering an investment of 30 billion pounds with a maturity day of August 6^th, 2024.

273-day T-bills: offering an investment of 25 billion pounds with a maturity day of February 4^th, 2025.

The CBE likely releases details on the accepted bids and weighted average yields on their website after the auction concludes.

(1 United States dollar = 47.95 Egyptian pounds)

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