debt Instruments
Head of the Debt Management Unit at the Ministry of Finance Mohamed Hegazy, saying that the volume of foreign holdings of treasury bills and bonds in Egypt, located in North Africa, amounted to $ 28.5 billion at the end of February.
Ma’it added on the sidelines of Euromoney conference said that Egypt is attracting many investors during the current period after the completion of the economic reform program.
The first tax collection according to the new tax treatment will be in May.
We used to borrow to repay both maturing debt as well as to finance new debt,” Kojak said.
The ministry’s plan showed that it intends to issue treasury bonds of LE 5.5 billion in November. It also targets to issue treasury bills of LE 148 billion.
“The prices are not appropriate,” Assistant Minister of Finance for capital markets operations Khalid Abdel Rahman told Reuters by phone.
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