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Elham AbolFateh

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Finance Ministry issues treasury bonds worth EGP 1.5 bln

Monday 17/July/2017 - 07:02 PM
Sada El Balad
Sada ElBalad-Yara Sameh
Egypt's Ministry of Finance announced that it had issued on Monday two treasury bonds worth EGP 1.5 billion.

The first treasury bonds is with the worth 750 billion pounds، to mature in 5 years، while the second is with the worth of 750 million pounds، to mature in 10 years، the bank said in a statement on Monday.

The ministry has taken the step to boost the country's economy and narrow the funding gap amid severe shortage in funding projects in Egypt.

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