Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds and bills valued at EGP 23 billion on Monday, in coordination with the Ministry of Finance, to finance the budget deficit.
The first tranche of T-bills, which will be offered through 91-day notes, stands at EGP 5 billion, while the second tranche valued at EGP 11 billion will be issued through 273-day notes, the CBE announced on its official website.
In addition, the CBE will offer seven-year T-bonds worth EGP 7 billion.
It is noteworthy to mention that in May, Egypt secured a $2.7 billion loan from the International Monetary Fund (IMF) under the rapid financing instrument (RFI).
