Sisi’s Government to Borrow EGP6 billion Tomorrow

Egyptian Ministry of Finance will launch Sunday new short term Treasury bills (T-bills) worth 6 billion Egyptian pounds (around US$839.1 million).

Bids will be held in two tranches, in collaboration with the Central Bank of Egypt (CBE).

The government will be offering T-Bills totalling EGP 6 billion on Sunday, of which EGP 2.5 billion will mature in 91 days and EGP 3.5 billion will mature in 266 days.

Within this August, Egyptian government is planning to offer debt instruments at value of 64.5 billion Egyptian pounds, compared to 79.5 billion launched last July.