Central Bank of Egypt announces $1.03bln T-bills on Sunday

Reuters/REUTERS

The first issue was valued at $62mln, carrying a tenor of 91 days until 31 December this year

Staff Writer, Mubasher

September 30, 2024

PHOTO

Cairo - The Central Bank of Egypt (CBE) unveiled treasury bills (T-bills) worth EGP 50 billion through two issues on Sunday, 29 September 2024.

The first issue was valued at EGP 30 billion, carrying a tenor of 91 days until 31 December this year, according to official data.

The second tranche stood at EGP 20 billion and will mature in 273 days on 1 July 2025.

Last Thursday, on 26 September, the CBE offered T-bills with the same combined amount.

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