Cairo-Mubasher: The Central Bank of Egypt (CBE) said Thursday it would auction EGP 7.5 billion in treasury bills to fund budget deficit.
The EGP 7.5 billion will be offered through two auctions: 182-day bills worth EGP 4.5 billion and 357-day bills worth EGP 3 billion.
Earlier, the Ministry of Finance announced lowering the issuance of debt instruments to EGP 273.6 billion in Q2-16/17, compared with EGP 324.5 billion earlier.
