Egypt's central bank issues LE 35.4B in T-bills, bonds

The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 34.5 billion in treasury bills and bonds (T-bills and bonds) on Sunday, July 27.

 

The T-bills were offered in two installments, with the first valued at LE 15 billion with a 182-day term, and the second worth LE 16 billion with a 364-day term.

 

As for the T-bonds, LE 3.5 billion will be offered in one installment with a three-year term.

 

The Ministry of Finance intends to issue 28 bids for treasury bills and bonds worth LE 251 billion during July, as part of a government plan that aims to borrow LE 818 billion from the local market during the first quarter of the new fiscal year 2022/2023.

 

According to the government’s plan, the Ministry of Finance intends to issue 16 bids for treasury bills worth LE 211 billion, and to issue 12 bids for treasury bonds worth LE 40 billion.

 

The Central Bank, which undertakes this task on behalf of the government, will issue, in July, 4 bids for 91-day bills worth LE 58 billion, and LE 59 billion for 182-day bills, and 273-day bills worth 31 billion.

 

Meanwhile, 4 bids for 364-day bills worth LE 63 billion are scheduled to be issued.