FILE – Central Bank of Egypt FILE – Central Bank of Egypt

CBE issues LE3B in T-bonds Monday

Mon, Apr. 16, 2018
CAIRO – 16 April 2018: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is scheduled to issue LE 3 billion ($170.05 million) in treasury bond on Monday.

The T-bonds are to be offered in two installments, with the first valued at LE 1.75 billion with a three-year term and the second worth LE 1.25 billion with a seven-year term.

The Finance Ministry plans to issue treasury bonds worth LE 438.750 billion during the fourth quarter (April-June) of the current fiscal year 2017/2018.

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