CBE issues LE 17.2B in T-bills Thursday

CAIRO – 5 July 2018: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 17.2 billion in treasury bills on Thursday.

The T-bills are to be offered in two installments, with the first valued at LE 8.5 billion with a 182-day term and the second worth LE 8.7 billion with a 364-day term.

T-bills are issued every Sunday and Thursday.

For the current fiscal year, the budget deficit is estimated to record LE 438.59 billion, or 8.4 percent, planned by the ministry to be financed through treasury bills and bonds and through international and Arab loans.