Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 15 billion on Sunday, 18 February in coordination with 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 billion, while the second offering will be through 273-day notes at EGP 8 billion, according to the CBE’s official website.
Egypt’s debt instruments, especially T-bills, are attracting scores of foreign investors on the back of the bond's significantly high yields.
The MOF previously posted that issuance of T-bills rose 51% year-on-year during the second quarter of fiscal year 2017/2018.
