CBE to Auction T-bonds worth EGP3 bln Today

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will be offering today 3- and 7-year treasury bonds worth EGP 3 billion.

Throughout its official website, the CBE stated that the first offering; 3-year t-bonds is at value of EGP 1.5 billion, whereas the second offering; the 7-year t-bonds amounts to EGP 1.5 billion.

This comes in accordance with the Egyptian government’s plan to offer treasury bills and treasury bonds at values of EGP 67 billion within December, compared to EGP 63 billion set for last November.