Egypt’s FinMin to Auction EGP7Bln T-Bills Tomorrow

Egypt’s Ministry of Finance is offering tomorrow 182- and 357-day treasury bills totaled 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 worth EGP 4 billion.

Last fiscal year, ministry has successively sold treasury bills and bonds worth EGP 614 billion. Moreover, ministry of finance intends to auction 200 billion treasury bills and bonds during the first quarter of 2013/14 fiscal year.