Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 1.5 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 five-year notes at EGP 750 million, while the second tranche will be through 10-year notes also at EGP 750 million.
Hinging on debt instruments has aggravated the cost of debt on the general budget to reach EGP 380 billion in 2017, compared to estimates of EGP 311 billion in 2016.
