The Central Bank of Egypt (CBE)
The new T-bills will be issued next Tuesday after the CBE receives bids.
Last week, the bank auctioned EGP 125 billion T-bills and accepted EGP 124.61 billion in bids.
Treasury bills are short-term zero-coupon securities issued at a discount and redeemed at face value at maturity.
The CBE issues T-bills on behalf of the Ministry of Finance to fund the budget deficit.
Egypt's budget deficit accounted for six percent of its GDP in the FY2022/2023. According to the latest data released by the CBE, Egypt's gross domestic debt reached EGP 4.74 trillion ($153.3 billion) in June 2020.
Short link: