Egypt to issue t-bills, bonds worth over EGP300 bln in Jul-Sept

Ahram Online , Tuesday 28 Jun 2016

Egypt’s government plans to issue treasury bills and bonds worth EGP 317.5 billion during the first quarter of the fiscal year 2016/17 that starts in July, state news agency MENA reported on Tuesday.

In the short term, the finance ministry will offer three-month, six-month, nine-month and one-year treasury bills, MENA said.

Regarding the long-term debt tools, the ministry intends to sell three-year, five-year, seven-year and ten-year treasury bonds.

The current domestic debt reached EGP 2.5 trillion in March, according to the latest data from the central bank.

*The current official exchange rate for $1 = EGP8.78


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