Cairo - Mubasher: The Central Bank of Egypt (CBE) issues on Monday treasury bonds (T-bonds) worth EGP 2.25 billion on behalf of the finance ministry to finance the country's state budget deficit.

The first tranche of T-bonds will be offered through 5-year notes at EGP 1.25 billion, while the second offering will be through 10-year notes at EGP 1 billion, according to the CBE’s website.

Egypt's debt instruments are attracting a large number of overseas investors, particularly treasury bills, on the back of the high yield.

State-owned banks are the top holders of government's debt instruments.

Egypt's public debt cost soared 30% to EGP 316.6 billion in the fiscal year 2016/2017 from EGP 243.6 billion the previous year.