Cairo – Mubasher: Egypt’s Ministry of Finance, in coordination with the central bank, plans to auction bonds and treasury bills worth EGP 105.25 billion in June to bridge the budget deficit, according to a statement.
Treasury bills will acquire 94% of total tenders in June, amounting to EGP 99 billion. In addition, the EGP 6.25 billion bond issuance will represent 6% of tenders in the same month.
Foreign participation in the government’s treasury bill auctions amounted to EGP 126 billion during the period from November 2016 to May 2017, deputy minister of finance for monetary policies Ahmed Kojak said.
