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CBE auctions EGP 29.5bn debt instruments on Monday

CBE auctions EGP 29.5bn debt instruments on Monday
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Cairo – Mubasher: The Central Bank of Egypt (CBE) has auctioned treasury bills (T-bills) at a combined value of EGP 24 billion through two issues on Monday, 9 May.

With a 91-day tenor until 9 August this year, the first offering stood at EGP 14 billion, according to official data.

Meanwhile, the second issue was valued at EGP 10 billion, carrying a maturity period of 273 days until 7 February 2023.

In addition, the CBE offered treasury bonds (T-bonds) at a value of EGP 500 million through one tranche. The issue holds a tenor of seven years until 10 May 2029.

The central bank also auctioned zero-coupon T-bonds worth EGP 5 billion through one offering, which will mature in 1.5 years on 31 October 2023.

It is worth noting that the CBE offered T-bills and T-bonds at an aggregated value of EGP 20 billion over three issues on 8 May.