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

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.