Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 14.5 billion on Sunday on behalf of the Ministry of Finance to finance the country’s budget deficit.
The first tranche will be offered through 91-day notes valued at EGP 4 billion, while the second tranche amounts to EGP 10.5 billion and will be offered through 266-day notes, the CBE said via its official website.
State-run banks are the top holders of the government debt instruments.
Previously, the finance ministry revealed plans to diversify its financing sources and expand into long-term financing instrument instead of short-term borrowing.
