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CBE offers EGP 20bn debt instruments on Sunday

CBE offers EGP 20bn debt instruments on Sunday
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Cairo – Mubasher: The Central Bank of Egypt (CBE) has issued treasury bills (T-bills) at an aggregated value of EGP 19 billion through two tranches on Sunday, 8 May.

The first offering was valued at EGP 12 billion, holding a 182-day tenor until 8 November this year, according to official data.

The second issue stood at EGP 7 billion, carrying a maturity period of 364 days until 9 May 2023.

In addition, the CBE offered treasury bonds (T-bonds) worth EGP 1 billion through one issue, which will mature in three years on 12 April 2025.

On 28 April, the CBE auctioned T-bills at a total value of EGP 22 billion through two offerings.