Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 15.5 billion on Thursday, alongside the Ministry of Finance (MoF), to finance the budget deficit.
The first tranche of T-bills will be offered through 182-day notes at EGP 7.25 billion, while the second offering will be through 364-day notes at EGP 8.25 billion.
Hinging on the debt instruments has aggravated the cost of debt on the general budget to reach EGP 380 billion in 2017, compared to EGP 311 billion in 2016.
