Egypt central bank issues treasury bonds worth 4 bln Egyptian pounds today

Egypt’s central bank is issuing Monday treasury bonds worth 4 billion Egyptian pounds ($450.7 million) to finance the country’s state budget deficit.

In a statement on Monday, the bank said it would raise two treasury bonds; the first worth 3 billion pounds, to mature in 3 years, while the second is valued at 1 billion pounds, to mature in 7 years.

Banks resumed Sunday work following Eid al-Fitr holidays which started Tuesday July 5th.