Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 13 billion on Sunday in coordination with the Ministry of Finance (MoF) to finance the budget deficit.
The first tranche of T-bills will be offered through 91-day notes at EGP 6.25 billion, while the second tranche will be through 266-day notes at EGP 6.75 billion, the CBE added on its official website.
The MoF will issue T-bills worth EGP 371 billion in the first quarter of fiscal year 2017/2018, versus T-bills worth EGP 306 billion in the corresponding quarter of the prior fiscal year.
