ArabFinance: The Central Bank of Egypt (CBE) attracted EGP 55.4 billion in investments over four treasury bills (T-bills) auctions held on August 23rd and 24th, Ahram Gate reported. The proceeds of the auctions will be used to bridge the gap in the state budget deficit. The CBE offered EGP 20.5 billion T-bills in the first two-term auction, while the second two-term auction stood at EGP 19 billion. The central bank offers T-bills in auctions on behalf of the Ministry of Finance. Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info). 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.
