Central Bank of Egypt Issues EGP 110 Billion in Treasury Bills to Cover Budget Deficit
Details of the New T-Bill Issuance
The Central Bank of Egypt (CBE), in coordination with the Ministry of Finance, is offering Treasury bills with a total value of EGP 110 billion across two main auctions to satisfy state financing requirements.
Breakdown of Offerings and Tenors
The new issuance consists of two main offerings: the first valued at EGP 30 billion with a 91-day maturity, and the second valued at EGP 80 billion with a 273-day maturity, categorized as short-term financial instruments.
Recent CBE Interest Rate Decisions
These auctions follow the Monetary Policy Committee's decision to raise key interest rates by 100 basis points, taking the overnight deposit and lending rates to 20.0% and 21.0%, respectively.