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Egypt to raise above EGP250bn in T-bills, bonds

Egypt to raise above EGP250bn in T-bills, bonds
Photo Credit: Arabianeye - Reuters

Cairo – Mubasher: Egypt’s finance ministry plans to issue treasury bills and bonds at a total value of EGP 262 billion during the first quarter of the fiscal year 2015/2016.

91-, 182-, 273- and 364-day T-bills will be offered at EGP 35.5 billion, EGP 42.5 billion, EGP 56 billion and EGP 55.5 billion respectively, the ministry said.

Meanwhile, 3-year T-bonds (with maturity in June 2018) will be issued at EGP 12 billion, while 3-year bonds (with maturity in September 2018) will be issued at EGP 5.5 billion and 5-year bonds (with maturity in July 2020) will be issued at EGP 15 billion.

5-year treasury bonds (with maturity in August 2020) will be issued at EGP 6 billion, 7-year bonds (with maturity in January 2022) will be issued at EGP 3.5 billion and 7-year bonds (with maturity in August 2022) will be issued at EGP 6.750 billion.