Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) at a value of EGP 13.25 billion on Thursday, 13 July, in coordination with the Ministry of Finance (MoF) in order to finance the budget deficit.
T-bills with a 182-day maturity period will be issued for EGP 6.5 billion, while 357-day bills will be issued at EGP 6.75 billion, the CBE added.
The MoF plans to issue T-bills and bonds worth EGP 110.75 billion during July 2017, compared to EGP 88.6 billion in July 2016, showing a growth of 25%.
