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CBE auctions EGP 26.5bn T-bills on Thursday

CBE auctions EGP 26.5bn T-bills on Thursday
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Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 26.50 billion through two auctions on Thursday, 10 November.

The first issue was valued at EGP 5 billion and will mature in 182 days on 16 May 2023, according to official data.

Holding a tenor of 364 days until 14 November next year, the second tranche stood at EGP 21.50 billion.

On 6 November, the CBE auctioned T-bills at an aggregated value of EGP 27.50 billion through two offerings.