Sada El Balad : CBE issues T-bonds worth EGP 1.75 bln on Monday (طباعة)
CBE issues T-bonds worth EGP 1.75 bln on Monday
آخر تحديث: الإثنين 13/05/2019 01:34 م Hassnein Tayea
The Central Bank
The Central Bank of Egypt
The Central Bank of Egypt (CBE)، on behalf of 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 750 million with a seven-year term and the second worth EGP 1 billion with a three-year term.

The Ministry of Finance announced that during May، it will auction three-year treasury bonds (maturing in January 2023) worth LE 2 billion، five-year bonds (maturing in April 2024) worth LE 2 billion، seven-year bonds (maturing in April 2026) for LE 1.5 billion، and ten -year bonds (maturing in May 2029) at LE 1.5 billion.

During the fourth quarter of fiscal year 20182019، the ministry will auction treasury bills and bonds at a total value of LE 478.5 billion.

The ministry said it will auction three-year treasury bonds (maturing in January 2023) worth 4.75 billion، three-year bonds (maturing in June 2022)worth LE 2 billion، five-year bonds (maturing in April 2024) for LE 5.75 billion، and seven-year bonds (maturing in April 2026) at LE 5 billion. It will also auction 10-year t-bonds (maturing in November 2027) at a total value of LE 1.5 billion، and 10-year t-bonds (maturing in May 2029) at LE 2.75 billion.

The Monetary Policy Committee of the Central Bank of Egypt (CBE) kept the overnight deposit rate and the overnight lending rate at 15.75 percent and 16.75 percent، respectively، during March meeting.