CBE to issue LE 19B in T-bills Thursday

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Thu, 25 Jul 2019 - 10:58 GMT

BY

Thu, 25 Jul 2019 - 10:58 GMT

FILE - CBE

FILE - CBE

CAIRO – 25 July 2019: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 19 billion in treasury bills on Thursday, July 25.

The T-bills will be offered in two installments; the first installment is valued at LE 9.25 billion with a 182-day term and the second is worth LE 9.75 billion with a 357-day term.

T-bills are issued every Sunday and Thursday.

For the current fiscal year, the budget deficit is estimated to record LE 445.1 billion, or 7.2 percent, planned by the ministry to be financed through treasury bills and bonds and through international and Arab loans.

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