Egypt’s central bank auctions $1.27bln debt instruments

The Central Bank of Egypt (CBE) has offered treasury bills (T-bills) through two auctions at a combined value of EGP 39.50 billion on Thursday, 15 June.

The first offering stood at EGP 16.50 billion, holding a maturity period of 182 days until 19 December 2023, according to official data.

The CBE issued another tranche of T-bills amounting to EGP 23 billion which carries a 364-day tenor until 18 June 2024.

Earlier this week on 11 June, the financial authority auctioned T-bills at an aggregated value of EGP 40 billion.