Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue on Thursday treasury bills (T-bills) worth EGP 18 billion, in coordination with the Ministry of Finance, to fund the budget deficit.
The first tranche of the T-bills will be offered through 182-day notes valued at EGP 10.5 billion, while the second tranche is worth EGP 7.5 billion and will be offered through 364-day notes, the CBE said on its official website.
Government banks are the largest buyers of the government's T-bills and bonds of different tenors.
In May 2020, Egypt secured a $2.7 billion loan from the International Monetary Fund (IMF) under the rapid financing instrument (RFI).
