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CBE auctions EGP 55bn T-bills on Sunday

CBE auctions EGP 55bn T-bills on Sunday
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Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 55 billion through two tranches on Sunday, 19 May 2024.

Holding a tenor of 91 days until 20 August this year, the first issue was valued at EGP 30 billion, according to official data.

The second auction stood at EGP 25 billion and will mature in 273 days on 18 February 2025.

On 16 May, the CBE issued T-bills at an aggregated value of EGP 45 billion through two auctions.