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CBE issues EGP 40bn T-bills on Sunday

CBE issues EGP 40bn T-bills on Sunday
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Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth EGP 40 billion through two auctions on Sunday, 30 April, according to official data.

The first tranche stood at EGP 22.50 billion and will mature in 91 days on 1 August 2023.

Meanwhile, the second issue was valued at EGP 17.50 billion, holding a tenor of 273 days until 30 January 2024.

Last week, the CBE auctioned T-bills at an aggregated value of EGP 39.50 billion through two tranches.