Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 4.25 billion on Monday on behalf of the Ministry of Finance (MoF).
The first tranche of the T-bonds stands at EGP 2.25 billion and will be offered through three-year notes, while the second tranche will be offered through seven-year notes valued at EGP 2 billion, the CBE said via its official website.
The issuance will be used to finance the country’s budget deficit.
It is noteworthy that on 26 September, the CBE decided to slash key interest rates by 100 basis points (bps).
