Egypt: CBE unveils $1.3bln T-bills on Sunday

Reuters Images

The first tranche was valued at $74.6 million, holding a tenor of 91 days

Staff Writer, Mubasher

August 20, 2023

PHOTO

The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth EGP 40 billion through two auctions on Sunday, 20 August.

The first tranche was valued at EGP 23 billion, holding a tenor of 91 days until 21 November 2023, according to official data.

The second offering stood at EGP 17 billion and will mature in 273 days on 21 May 2024.

Last Thursday, the CBE auctioned T-bills at an aggregated value of EGP 43 billion through two issues.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.