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.

Egypt’s debt instruments attract 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.