Domestic Bonds

Egypt’s central bank issues LE 27.5 billion in treasury bills and bonds on Sunday

CAIRO – October 10, 2021: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is expected to issue LE 27.5 billion in treasury bills and bonds (treasury bills and bonds) on Sunday 10 October.

The Treasury bills were offered in two installments, the first valued at LE 3.5 billion with a term of 182 days and the second at LE 14.5 billion with a term of 364 days.

As for the treasury bills, they were offered in a single installment worth LE 9.5 billion with a term of three years.

Earlier, the Ministry of Finance had announced the possibility of reducing the accepted quantities of offers of bills and bonds on the public treasury, issued in local currency until the end of the current fiscal year.

For the current fiscal year, the budget deficit is estimated at 6.6% of gross domestic product (GDP), planned by the ministry to be financed by treasury bills and bonds and by international and Arab loans.

The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided Thursday, September 16 to keep the overnight deposit rate, the overnight lending rate and the main transaction rate unchanged at 8. , 25%, 9.25% and 8.75%. respectively. The discount rate was also kept unchanged at 8.75%.