Egypt’s central bank issues LE24B on T-bills, bonds Monday

  • Date: 24-Aug-2020
  • Source: Egypt Today
  • Sector:Economy
  • Country:Egypt
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Egypt’s central bank issues LE24B on T-bills, bonds Monday

CAIRO - 24 August 2020: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 24 billion in treasury bills and bonds on Monday, Aug. 24.



 



The T-bills will be offered in two installments; the first installment is valued at LE 8.5 billion with a 91-day term and the second is worth LE 10.5 billion with a 266-day term. 



 



Moreover, T-bonds will be  offered in two installments; the first installment is valued at LE 4 billion with a five-year term and the second is worth LE 1billion with a 15-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