Egypt’s central bank issues LE 10B in T-bonds Monday
- Date: 06-Oct-2020
- Source: Egypt Today
- Sector:Financial Services
- Country:Egypt
Egypt’s central bank issues LE 10B in T-bonds Monday
CAIRO – 5 October 2020: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, issued LE 10 billion in treasury bonds on Monday, Oct. 5.
The T-bonds were offered in two installments, with the first valued at LE 6 billion with a five-year term and the second worth LE 4 billion with a 10-year term.
For the current fiscal year, the budget deficit is estimated to record 6.3 percent of gross domestic product (GDP), planned by the ministry to be financed through treasury bills and bonds and through international and Arab loans.
The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided Thursday, Sept. 24, to cut
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