FinMin Auctions EGP7 bln T-Bills Today in Egypt

By Yomna Yasser On Jul 18, 2013

Egypt’s Ministry of Finance is offering today 182- and 357-day treasury bills worth at EGP 7 billion.

Ministry of Finance, through its official website, mentioned that the 182-day treasury bills worth EGP 3 billion, whereas the 357-day T-bills at value of EGP 4 billion.

Last year the ministry had managed to sell treasury bills and bonds worth EGP 614 billion which put pressure on the gross domestic debt.

For the first quarter of FY2013/14, the ministry is targeting to offering treasury bills and bonds at value of EGP 200 billion.