CBE issues LE 3.5B in T-bonds Monday

CAIRO – 9 July 2018: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, issued LE 3.5 billion ($195.39 million) in treasury bonds Monday.

The T-bonds were offered in two installments, with the first valued at LE 1.5 billion with an eight-year term and the second worth LE 2 billion with a three-year term.

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.