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CBE issues EGP 50bn T-bills on Thursday

CBE issues EGP 50bn T-bills on Thursday
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Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 50 billion through two equal issues on Thursday, 9 May 2024.

The first offering will mature in 182 days on 12 November this year, according to official data.

Meanwhile, the second auction carries a tenor of 364 days until 13 May 2025.

Last week, the financial authority offered T-bills and zero-coupon treasury bonds (T-bonds) at an aggregated value of EGP 60 billion over three tranches.