INVESTORS TO INVEST IN CBE TREASURY-BILLS

INVESTORS TO INVEST IN CBE TREASURY-BILLS

Central bank of Egypt (CBE) to offer 23 investors treasury bills (T-bills). Over twenty-nine foreign and domestic investors has offer to invest in the Central bank of Egypt (CBE) treasury bills (T-bills). The T-bill which was issued out this week will allow bank to subscribe with a minimum of US$100,000. Central bank of Egypt offer the investor the deal on behalf of the ministry of finance. The interest rate on this bills is based on…

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EGYPT GOVERNMENT PLANS TO BORROW EGP 478.5BN TO FILL BUDGET DEFICIT

EGYPT GOVERNMENT PLANS TO BORROW EGP 478.5BN TO FILL BUDGET DEFICIT

Egypt Government making plans to borrow fund to fill budget deficit. Egypt Government is planning to borrow EGP 478.5bn from the local market to fill their budget deficit. This fund will be use in the second quarter as the Finance Ministry plans to launch Treasury bill (T-Bill) and bond (T-Bonds). According to the plans, the¬†Finance Ministry reveals that the government will issues T-Bills worth EGP 456.75bn and T-bonds for EGP 21.75bn. Meanwhile,¬†Central Bank of Egypt…

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