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 273-day notes at EGP 8.25 billion, according to the CBE’s official website.

Egypt’s debt instruments, especially T-bills, are attracting scores of foreign investors on the back of the rising yields on the bonds.

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