Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 16.25 billion on behalf of the Ministry of Finance (MOF).
The first tranche of T-bills will be offered through 182-day notes at EGP 7.25 billion, while the second offering will be through 357-day notes at EGP 8.5 billion, according to the CBE’s official website.
Egypt’s debt instruments, especially T-bills, are attractive to foreign investors owing to their high returns.
State-run banks are the largest holders of the governmental debt instruments.
The MoF plans to issue T-bills and bonds at EGP 166.5 billion in May.
Source:
Mubasher