Egypt’s Finance Ministry eyes 26.5% surge in debt instruments next month

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Egyptian Ministry of Finance (MoF) is planning to increase debt instruments by 26.5 percent to reach worth 151.5 billion Egyptian pounds within August 2017.

Earlier, debt instruments stood at c 119.73 billion pounds during August 2016.

The ministry will issue treasury bills worth 143 billion pounds, while issued bounds will register 8.5 billion pounds .

Treasury bills and bonds issued in July jumped by 25 percent to record to 110.75 billion pounds, compared with 88.6 billion pounds during the same period in 2016.