Cairo - Mubasher: The Central Bank of Egypt (CBE) will issue on Monday, in coordination with the Ministry of Finance (MoF), treasury bonds worth EGP 500 million to support the country's budget deficit.
The treasury bonds will be issued through two tranches, 3-year bonds at EGP 250 million and 10-year bonds worth EGP 250 million, according to the central bank’s website.
The Egyptian finance ministry estimates the total budget deficit for the fiscal year 2016-2017 at around EGP 319.46 billion.
