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Elham AbolFateh

Business

Finance Ministry to sell treasury bonds worth EGP 1.5 bln

Monday 11/September/2017 - 12:24 PM
Sada El Balad
Sada ElBalad-Yara Sameh

Egypt's Ministry of Finance announced that it will sell on Monday two treasury bonds worth EGP 1.5 billion.

The first treasury bonds worth 750 billion pounds with 5 years to maturity، while the second worth 750 million pounds with 10 years to maturity،the ministry said in a statement.

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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