Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 1.75 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 three-year notes at EGP 1 billion, while the second offering will be through seven-year notes at EGP 750 million, according to the CBE’s official website.
Egyptian debt instruments are attracting a large number of foreign investors, especially treasury bills, as the return on bonds exceeded 20%.
