Cairo - Mubasher: The Central Bank of Egypt (CBE) will issue EGP 17.5 billion treasury bills (T-bills) on Sunday, in coordination with the Ministry of Finance (MoF), to finance the budget deficit.
The first tranche of the T-bills will be offered through 91-day notes valued at EGP 3.5 billion, while the second tranche, worth EGP 14 billion, will be issued through 273-day notes, the CBE announced on its official website.
The state-run banks are the top purchasers of government debt instruments.
It is noteworthy to mention that on Thursday, 23 December 2021, the CBE offered EGP 18 billion T-bills with the first tranche valued at EGP 3 billion and the second tranche at EGP 15 billion.
