Egyptian Ministry of Finance intends to raise the treasury bills and bonds at value of EGP 60.5 billion next June against EGP 34.4 billion during the last period of the same year.
Ministry of Finance mentioned on its website that during June it will offer bonds treasury 91- , 182- , 273- and 364 – days with value amounts to EGP 11.5, 14.5, 12 and 16 billion successively.
It added that during the same month it will offer AGAL bonds of 3 years (value date in May 2016) at value of EGP 2 billion, AGAL 5 years worth EGP 2 billion (value date in May 2018), AGAL 7 years at value of EGP 2 billion (value date in May 2020) and AGAL 10 years worth EGP 500 (value date in 2023).
Moreover, the ministry explained that the increase in issuing treasury bills and bonds led to rising the domestic debt of the state apparatus in the general budget at the end of March 2013 to record EGP 1.38 billion, pointing out that the increase in issuing treasury bills and bonds as the balance of each reach EGP 459.4 and EGP312.8 billion in the row.
Further, the average of AGAL treasury bills and bonds rose in March 2013 to record 1.4% against 1.3% last March 2012, whereas the average price of the accrued interest, on debt balance, rose in March 2013 to reach 13.26 % against 12.89% in March 2012.