Central Bank of Egypt to Issue EGP 100 Billion in Treasury Bills in Coordination with Ministry of Finance

Sunday 4 October 2026 07:39

Auction Details and Maturity Breakdown

The Central Bank of Egypt (CBE) intends to issue short-term debt instruments totaling EGP 100 billion on Sunday on behalf of the Ministry of Finance. The issuance is divided into two tranches: the first is valued at EGP 30 billion with a 91-day maturity, while the second accounts for the larger share at EGP 70 billion with a 273-day maturity.

Nature of T-Bills and Financing Objectives

Treasury bills are considered safe investments and short-term financing tools utilized by the government to cover its financial needs, with maturity periods typically ranging from three months to a full year. The Ministry of Finance authorizes the CBE throughout the fiscal year to manage these local currency issuances, utilizing the proceeds to fund state budget items and government subsidies.

Current Interest Rate Stance

This issuance follows the CBE Monetary Policy Committee's decision to keep key interest rates unchanged, maintaining the deposit rate at 19.00%, the overnight lending rate at 20.00%, and both the main operation and discount rates at 19.50%.