The weighted average yield for these T-bonds is 25.308 percent with a maximum yield of 25.320 percent and a minimum yield of 25.290 percent.

The original required amount stated by the CBE was EGP 5 billion.

However, the submitted bids were valued at EGP 13.37 billion, with a maximum yield of 37 percent, a minimum yield of 25.290 percent, and a weighted average yield of 26.668 percent.

On another note, the CBE sold 609.8 million euros in euro-denominated treasury bills (T-bills) in August, with a 364-day maturity period.

Additionally, it issued $830 million in USD-dominated T-bills in January, with a one-year maturity period.

Recently, the central bank has issued many bonds in several currencies to cover the budget deficit.

In July, Minister of Finance Ahmed Kouchouk stated that the ministry aims to put the budget deficit on a downward slope starting the fiscal year 2024/2025.

Moreover, the Director of the Middle East and Central Asia Department at the IMF Jihad Azour told Ahram Online in April that Egypt’s overall debt-to-GDP ratio is expected to decrease to 82.6 percent in 2025, down from over 90 percent in 2024.

Egypt is committed to lowering its debt to below 80 percent by 2027 under the IMF's Extended Fund Facility loan programme.