CBE issues LE 18.5B in T-bonds, bills Monday – Egypttoday

CBE issues LE 18.5B in T-bonds, bills Monday – Egypttoday

CAIRO - 16 March 2020: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, issued LE 18.5 billion in treasury bonds and bills on Monday, Mar 16.. while the t-bonds were offered in two installments; with the first valued at LE 4 billion with a 91-day term and the second worth LE 10.5 billion with a 273-day term.. The Monetary Policy Committee of the Central Bank of Egypt (CBE) kept the overnight deposit rate, the overnight lending rate, and the rate of the main operation unchanged for the second time this year during Thursday's meeting, Feb. 20.. The overnight deposit rate, the overnight lending rate, and the rate of the main operation are at 12.25 percent, 13.25 percent, and 12.75 percent, respectively.. Credit and discount rates were declined to 12.75 percent from 13.75 percent.. Experts predict that interest rates on debt instruments will continue to fall due to falling interest rates, especially as they recorded a decline in their latest offer..