Cairo – Mubasher: The Central Bank of Egypt (CBE) on Monday will issue treasury bills (T-bills) worth EGP 1.5 billion in coordination with the Ministry of Finance to finance the country’s budget deficit.
The first tranche will be offered through five-year notes at EGP 750 million, while the second offering will be through ten-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 T-bills, as the return on bonds exceeded 20%.
