Outstanding T-bills, bonds register $14bln in March 2023: Finance Ministry

Outstanding T-bills, bonds register $14bln in March 2023: Finance Ministry

Egypt - The Ministry of Finance revealed that the volume of outstanding local treasury bills (T-bills) and bonds amounted to about EGP 4.44trn in March 2023.

According to the latest report published by the ministry on its website, the volume of outstanding treasury bills amounted to about EGP 1.96trn, with about EGP 957.813bn for 364-day bills, about EGP 204.706bn for 273-day bills, and about EGP 429.442bn for 182-day bills, in addition to about EGP 369.892bn in 91-day bills.

According to the Ministry of Finance, the maturity date for these bills extends from 4 April 2023 to 26 March 2024, taking into account that other bills with the same deadlines are re-offered on a weekly, periodic basis.

This comes as the Ministry of Finance revealed that the volume of outstanding balances of treasury bonds at the end of March reached approximately EGP 2.484trn, of which about EGP 239.625bn in “zero coupon” bonds, and about EGP 14.635bn in variable-yield bonds that the Ministry of Finance has recently launched.

According to the Finance Ministry, the maturity date for these bonds extends from 10 April 2023 to 18 January 2037, also taking into account that other bonds are re-bid on a weekly, periodic basis, just like the bills.

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