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Sunday, 20 October 2019

Egypt to auction EGP 146.5 bln in T-bills, bonds in June

Ahram Online , Sunday 2 Jun 2019
File Photo: Egypt's Central Bank (Reuters)
Views: 2336
Views: 2336

Egypt is auctioning EGP 164.5 billion worth of treasury bills and treasury bonds in June, the finance ministry said Saturday.

The issuing includes EGP 34 billion 91-day T-bills, EGP 35 billion 182-day bills, EGP 34 billion 273-day bills and EGP 37 billion one-year bills, the ministry said, according to state news agency MENA.

The ministry will also issue EGP 2 billion worth of three-year bonds, EGP 1.750 billion of five-year bonds, EGP 1.5 billion of seven-year bonds and EGP 1.250 billion of 10-year bonds.

The finance ministry had said earlier that it plans to auction treasury bills and bonds at a total value of EGP 478.5 billion during the fourth quarter of the 2018/19 fiscal year ending in June.

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