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CBE auctions EGP 22bn T-bills on Sunday

CBE auctions EGP 22bn T-bills on Sunday
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Cairo – Mubasher: The Central Bank of Egypt (CBE) has auctioned treasury bills (T-bills) at a combined value of EGP 22 billion through two offerings on Sunday, 3 April.

The first tranche was valued at EGP 13 billion, carrying a maturity period of 91 days until 5 July 2022, according to official data.

Meanwhile, the second issue totalled EGP 9 billion, holding a tenor of 273 days until 3 January 2023.

On March 31, the CBE offered T-bills at a total value of EGP 20.50 billion through two issues.