Masress : Central Bank issues treasury bills worth EGP7.7 billion

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Central Bank issues treasury bills worth EGP7.7 billion

Yara Sameh Published in Albawaba on 28 - 02 - 2016

The Central Bank of Egypt put on behalf of the Ministry of Finance, bills with a total value estimated at EGP7.7 billion, Al-Bawaba News reported Sunday.
The value of the first IPO treasury bills for 91 days is EGP3 billion, while the second IPO is worth EGP4.7 billion for 226 days.
Egypt's budget balance deficit is expected to reach 240 billion pounds at the end of the fiscal year.

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