Home MoneyBanks Egypt’s CBE offers EGP 60b T-bills

Egypt’s CBE offers EGP 60b T-bills

by Nada Ali
Egypt's central bank

The Central Bank of Egypt (CBE) is auctioning 60 billion Egyptian pounds in treasury bills (T-bills) on Thursday, in coordination with the Ministry of Finance, according to a CBE statement on its website.

The auctions are being offered in two tranches: 35 billion pounds for 182-day to be maturated on 01/10/2024 and another 25 billion pounds for 364-day to be maturated on 01/04/2025.

Treasury bills are short-term government debt instruments with maturities ranging from three months to a year.

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