Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 2.25 billion on Monday in coordination with the Ministry of Finance (MoF) to finance the budget deficit.
The first tranche of T-bills will be offered through 3-year notes at EGP 1.25 billion, while the second tranche will be through 7-year notes at EGP 1 billion.
Hinging on the debt instruments has aggravated the cost of debt on the general budget to reach EGP 380 billion in the current fiscal year, compared to estimates of EGP 311 billion in the prior FY.
