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CBE to issue EGP 11.25bn T-bonds Sunday

CBE to issue EGP 11.25bn T-bonds Sunday
Centeral Bank of Egypt - (Photo credit: Arabianeye - Reuters)

Cairo - Mubasher: The Central Bank of Egypt (CBE) will issue on Sunday, in coordination with the Ministry of Finance (MoF), treasury bonds worth EGP 11.25 billion to support the country's state budget deficit.

The first tranche of the treasury bonds amounts to EGP 5.75 billion to mature in 91 days, while the second is valued at EGP 5.5 billion and set to mature in 273 days, according to the CBE’s website.