The Ministry of Finance، issued EGP 1.75 billion in treasury bonds on Monday.
The T-bonds were offered in two installments، with the first valued at EGP one billion with a three-year term and the second worth EGP 750 million with a seven-year term.
Noteworthy، a Treasury bill (T-Bill) is a short-term debt obligation backed by the Treasury Dept. of the U.S. government with a maturity of less than one-year، sold in denominations of $1،000 up to a maximum purchase of $5 million. T-bills have various maturities and are issued at a discount from par، according to Investopedia.
When an investor purchases a T-Bill، the U.S. government effectively writes investors an IOU; they do not receive regular interest payments as with a coupon bond، but a T-Bill does include interest، reflected in the amount it pays when it matures.
The longer the maturity date، the higher the interest rate that the T-Bill will pay to the investor.