CBE issues EGP 14.5bn T-bills Sunday

Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 14.5 billion on Sunday in coordination with the Ministry of Finance (MOF) to finance the budget deficit.

The first tranche of T-bills will be offered through 91-day notes at EGP 6.75 billion, while the second offering will be through 266-day notes at EGP 7.75 billion, the CBE added on its official website.

Egyptian debt instruments are attracting a large number of foreign investors, especially T-bills, as the bonds’ yield 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: 14-Jan-2018 07:32 (GMT)
Mubasher Last Update Time: 14-Jan-2018 07:32 (GMT)

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