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CBE auctions EGP 25.5bn T-bills on Thursday

CBE auctions EGP 25.5bn T-bills on Thursday
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Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at an aggregated value of EGP 25.50 billion through two issues on Thursday, 3 November.

The first tranche was valued at EGP 4.50 billion and will mature in 182 days on 9 May 2023, according to official data.

Holding a tenor of 364 days until 7 November next year, the second auction stood at EGP 21 billion.

On 30 October, the CBE issued T-bills worth EGP 28.50 billion through two offerings.