Cairo - Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 3.75 billion in collaboration with the Ministry of Finance (MoF).
The first tranche amounts to EGP 2 billion and will carry a maturity period of three years, while the second tranche totals EGP 1.75 billion for seven years, CBE disclosed on Monday.
The issuance will be used to finance the budget deficit, CBE said.
The Egyptian government borrows through treasury bills and bonds on different timescales where the country’s national banks are the top buyers.
