Cairo - Mubasher: The Central Bank of Egypt (CBE) will issue on Sunday treasury bills worth EGP 15.5 billion, in coordination with the Ministry of Finance (MoF) to support the country’s budget deficit
The treasury bills will be issued through two tranches, 91-day bills at EGP 7.2 billion, and 266-day bills worth EGP 8.2 billion, according to the CBE’s website.
The MoF is planning to issue EGP 121.5 billion worth of debt instruments, treasury bonds and bills, during December.
The ministry estimates the budget deficit for fiscal year 2017/2018 to be total around EGP 370 billion.
