Egypt central bank to issue treasury bills worth $2.3 bln today

Egypt’s central bank will be issuing Sunday treasury bills worth 20.25 billion Egyptian pounds ($2.3 billion) to fill the country’s state budget deficit.

In a statement on Saturday, the bank said it would raise three treasury bills on Sunday; the first worth 4.75 billion Egyptian pounds, to mature in 91 days. The second is at value of 4.75 billion pounds, to mature in 182 days; while the third is worth 5.25 billion pounds, to mature in 273 days. The fourth amounts to 5.5 billion pounds, to mature in 364 days.

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