FILE - Central Bank of Egypt’s building in downtown Cairo FILE - Central Bank of Egypt’s building in downtown Cairo

CBE issues LE 14B in treasury bills on Sunday

Sun, Jan. 28, 2018
CAIRO – 28 January 2018: On behalf of the Ministry of Finance, the Central Bank of Egypt is scheduled to issue LE 14 billion ($791 million) in treasury bills (T-bills) on Sunday.

The T-bills are to be offered in two installments; the first is valued at LE 6.5 billion at a 91-day term, while the second is valued at LE 7.5 billion at a 266-day term.

T-bills are usually issued every Sunday and Thursday.

For the current fiscal year, the budget deficit is estimated by LE 370 billion; the ministry planned to finance the deficit through treasury bills and bonds and through international and Arab loans.
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