Egypt C.Bank to Auction T-bonds worth 4 billion Pounds Today

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt is set to raise today 3- and 7-year treasury bonds worth EGP 4 billion.

Throughout its official website, the CBE stated that the first offering; 3-year is at value of EGP 2 billion, whereas the second offering; the 7-year amounts to EGP 2 billion.

In December, the Egyptian government issued treasury bonds, amounting to EGP 67 billion, compared to EGP 63 billion raised during November.