CBE issues EGP 13.75bn T-bills Thursday

Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 13.75 billion on Thursday in coordination with the Ministry of Finance (MOF) to finance the budget deficit.

The first tranche of T-bills will be offered through 182-day notes at EGP 6.75 billion, while the second offering will be through 364-day notes at EGP 7 billion, the CBE added on its official website.

Egyptian debt instruments are attracting a large number of foreign investors, especially T-bills, as the return on bonds exceeded.

The MOF posted a 51% year-on-year surge in T-bills and T-bonds issues for the second quarter of fiscal year 2017/2018.

Mubasher Contribution Time: 07-Dec-2017 08:04 (GMT)
Mubasher Last Update Time: 07-Dec-2017 08:04 (GMT)

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