Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue on Thursday treasury bills worth EGP 13.25 billion, in coordination with the Ministry of Finance (MoF) to support the country’s budget deficit.

The treasury bills will be issued through two tranches, 182-day bills at EGP 6.5 billion, and 357-day bills worth EGP 6.75 billion, according to the CBE’s website.

Debt instruments widely attract foreign investors, especially the treasury bills on the back of their high yields.

Egypt's state-run banks are the largest buyers of these bills.

The issuance of the treasury bills hiked 51% year-on-year in the second quarter of the fiscal year 2017/18, the MoF data showed.