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Wednesday, 23 October 2019

Egypt's finance ministry to auction EGP 153.5 bln T-bonds, bills in November

MENA , Thursday 1 Nov 2018
Finance Ministry
A file photo of the finance ministry in Cairo (Photo: Al-Ahram)
Views: 3508
Views: 3508

Egypt’s finance ministry plans to auction off treasury bills and bonds at a total value of EGP 153.5 billion in November.

In an online statement, the ministry said it will offer 91-day, 182-day, 273-day and 364-day treasury bonds and bills for EGP 38.5, 38, 34 and 37.5 billion respectively.

Three-year bonds (maturing in August 2021) worth 1.7 billion and five-year bonds (maturing in October 2023) amounting to EGP 1.5 billion will also be offered, the statement said.

The ministry also said that it will auction seven-year bonds (maturing in August 2025) at EGP 1.2 billion and 10-year bonds (maturing in November 2028) at EGP 1 billion.

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