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Monday, 2 September 2019

Egypt’s FinMin to issue EGP 160 bn T-bills and bonds this month

FinMin to issue EGP 160 bn T bills and bonds this month: The Finance Ministry is planning to issue EGP 160.75 bn of treasury bills and bonds this month and debt instruments worth EGP 522 bn throughout the quarter to cover the budget deficit, according to a plan seen by the press. Of this month’s 24 offerings, 16 will involve T-bills worth EGP 151 and eight of treasury bonds worth EGP 9.75 bn. The government’s outstanding balance of treasuries owed to debt investors stood at EGP 1.97 tn at the end of July, according to ministry figures.

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