FinMin to Auction EGP6.5 bln T-bills Tomorrow

Egypt will be offering tomorrow 182- and 357-day treasury bills worth EGP 6.5 billion, the country’s finance ministry said in a statement on Wednesday.

Egyptian Finance Ministry stated that it will be offering on Thursday 182- and 357-day T-bills at values of EGP 2.5 billion and EGP 4 billion, respectively.

It is worth noting that Egyptian Finance Ministry is planning to offer treasury bills and bonds at values of EGP 16.5 billion within a week, including the issuance of zero-coupon bonds worth EGP 1.5 billion in addition to 5- and 10-year T-bonds at value of EGP 3 billion and 91- and 273-day T-bills worth EGP 5.5 billion.