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CBE offers EGP 39.5bn T-bills on Sunday

CBE offers EGP 39.5bn T-bills on Sunday
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Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 39.50 billion through two issues on Sunday, 7 May.

The first tranche stood at EGP 16.50 billion, holding a tenor of 182 days until 7 November 2023, according to official data.

With a 364-day maturity period until 7 May 2024, the second offering was valued at EGP 23 billion.

Last week, the CBE issued T-bills at a combined value of EGP 40 billion through two tranches.