Home MoneyBanks CBE To Offer $500 Mln T-Bills

CBE To Offer $500 Mln T-Bills

by Administrator

Central Bank of Egypt (CBE) said on Wednesday it would offer $500 million in dollar-denominated treasury bills at an auction on Tuesday.

Both Egyptian and foreign financial institutions are eligible to subscribe to the one-year T-bills, which will mature on June 18, 2013, CBE said in an emailed statement.

It will be the sixth issue since CBE introduced the instrument in November, Reuters reported.

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