Cairo – Mubasher: The Central Bank of Egypt (CBE) would auction Monday EGP 3 billion treasury bonds through two tranches on behalf of the Ministry of Finance, according to a press release.
The first tranche stands at a total value of EGP 2.5 billion to mature in 5 years, while and the second is valued at EGP 500 million and set to mature in 10 years.
The country’s budget deficit widened to EGP 191.6 billion, or 6.8% of gross domestic product, during July-January 2015/16.
