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CBE auctions EGP 27.5bn T-bills on Sunday

CBE auctions EGP 27.5bn T-bills on Sunday
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Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) worth EGP 27.50 billion through two offerings on Sunday, 4 December.

With a tenor of 91 days until 7 March 2023, the first auction stood at EGP 7.50 billion, according to official data.

Meanwhile, the second tranche was valued at EGP 20 billion and will mature in 273 days on 5 September next year.

On 1 December, the CBE offered T-bills at an aggregated value of  EGP 26 billion through two issues.