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Egypt’s c.bank to issue T-bills worth EGP 6.75bn

Egypt’s c.bank to issue T-bills worth EGP 6.75bn
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Cairo-Mubasher: The Central Bank of Egypt (CBE), on behalf of the finance ministry, will offer treasury bills at a total value of EGP 6.750 billion.

The bank said the T-bills will be offered in three issues, a 1.5-year issue at EGP 2 billion, a 3-year issue at EGP 3 billion and a 7-year issue at EGP 1.750 billion.

Minister of Finance Hani Qadri earlier said the government plans to issue dollar-denominated bonds overseas at a total value of $1-1.5 billion during the first quarter of next year.