Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 14.5 billion on Thursday on behalf of the Ministry of Finance (MOF).

The first tranche of T-bills will be offered through 182-day notes at EGP 6.75 billion, while the second offering will be through 357-day notes at EGP 7.75 billion, the CBE added on its official website.

State-owned banks are the largest buyers of government's debt instruments.

The MOF posted a 51% year-on-year surge in T-bills and T-bonds issues for the second quarter of fiscal year 2017/2018.