The tender, which attracted 27 bids totalling approximately $1.24 billion, saw the minimum yield set at 4.25 per cent, the maximum at 5.30 per cent, and a weighted average of 4.39 per cent.

The CBE accepted 18 bids amounting to $1.06 billion, with the same minimum, maximum, and average yield of 4.25 percent. 

In 2024, the CBE issued USD-denominated T-bills six times.

The bank sold $850 million in January, $1.06 billion in February, $997 million in April, and $500 million in June.

In December, it also sold $840 million in USD-denominated T-bills, following a larger issuance of $1.57 billion in November.

In addition to USD-denominated T-bills, the CBE issued euro-denominated T-bills In 2024, the CBE issued euro-denominated T-bills twice, selling 642.8 million euros in November, after the sale of 609.8 million euros in August.

Egypt has been diversifying its financing methods as part of its broader strategy to reduce debt and narrow its budget deficit.

Prime Minister Mostafa Madbouly announced in December that Egypt had settled $38.7 billion in debts during 2024, including $7 billion in November and December.

Additionally, the country's total debt decreased by around seven percent in the fiscal year (FY) 2023/2024, falling to 89 percent of the GDP, down from 95.7 percent in FY2022/2023.

As part of its ongoing economic reform efforts with the IMF, Egypt aims to reduce its gross debt-to-GDP ratio to approximately 83 percent by FY2026/2027.