Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 15 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 billion, while the second tranche will be through 357-day notes at EGP 8 billion.
The MoF had previously announced that treasury bills and bonds worth EGP 371 billion will be offered in the first quarter of fiscal year 2017/2018, which is the highest value since the beginning of the governmental borrowing mechanisms.
