CBE issues LE3B in T-bonds Monday

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Mon, 28 May 2018 - 09:01 GMT

BY

Mon, 28 May 2018 - 09:01 GMT

FILE – Central Bank of Egypt

FILE – Central Bank of Egypt

CAIRO – 28 May 2018: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, issued LE 3 billion ($167.26 million) in treasury bonds Monday.

The T-bonds were offered in two installments, with the first valued at LE 1.25 billion with a seven-year term and the second worth LE 1.75 billion with a three-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 2017/18.

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

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