Egypt’s Finance To Offer T-Bills, Bonds Worth EGP58.5 bln This Month

Egyptian Ministry of Finance is planning to raise treasury bills and bonds at value of EGP 58.5 billion within September.

Ministry of Finance mentioned on its website that during September, it will offer t-bills will be divided into four auctions; EGP 8 billon (91- day), EGP 10 billon (182- day), EGP 14 billon (273- day), and EGP 16 billon (364- day).

Moreover, Ministry of finance intends to offer 3- and 5-, and 10-year treasury bonds worth 4, 2,  and 2.5 billion respectively. In addition to auctioning 18-month zero-coupon bond at value of EGP 2 billion.