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Sunday, 18 August 2019

Egypt to auction EGP 181.5 bln in T-bonds, bills in January

Ahram Online , Tuesday 1 Jan 2019
Ministry of Finance
File Photo: Cairo's headquarters of the Egyptian ministry of finance (Photo: Al-Ahram)
Views: 2207
Views: 2207

Egypt has said it plans to auction treasury bills and bonds with a total value of EGP 181.5 billion in January, the finance ministry announced on Tuesday.

In an official statement, the ministry said treasury bills will be offered with maturities of 3, 6, 9, and 12 months, with total values of EGP 42.5 billion, EGP 43.75 billion, EGP 42.5 billion, and EGP 46 billion respectively.

Treasury bonds with maturities of three years (December 2021) and five years (October 2023) will be offered this month, with total values of EGP 1.75 billion and EGP 2.25 billion respectively.

The ministry’s plans will include also EGP 1.25 billion in seven-year treasury bonds, maturing in August 2025, and EGP 1.5 billion in ten-year bonds, maturing in November 2028.  


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