Cairo-Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds at a total value of EGP 5.2 billion in a public auction Monday to finance the state's budget deficit.
The first five-year issue is worth EGP 3 billion, while the second 10-year issue is valued at EGP 2.250 billion.
Egypt’s budget deficit reached EGP 68.3 billion, or 2.4% of the GDP, during the period July- August 2015/2016, according to the monthly report of the Ministry of Finance.
