Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 15.5 billion on Sunday in coordination with the Ministry of Finance (MOF) to finance the budget deficit.

The first tranche of T-bills will be offered through 91-day notes at EGP 7.25 billion, while the second offering will be through 266-day notes at EGP 8.25 billion, according to the CBE’s official website.

Egyptian debt instruments, especially T-bills, are attractive to a large number of foreign investors, owing to their high yield. 

The MOF had previously posted that issuance of T-bills rose 51% year-on-year during the second quarter of fiscal year 2017/2018.