Real crunch from Saudi Arabia's oil outage has yet to be felt    Tunisia's toppled ruler Ben Ali dies in Jeddah, body to be transferred to Mecca    BREAKING: Hossam El-Badry appointed as Egypt coach    Sisi Oks additional loan to fund Egypt's largest drainage system    Allianz Egypt allots $399K to promote UNICEF's vulnerable children initiative    Iran's foreign minister warns of 'all-out war' if hit for Saudi attack    'EFA have to first talk with Masry before national team duty,' says candidate coach Ihab Galal    Israel's Netanyahu calls on rival Gantz to form unity government with him    Bullet point previews of Premier League matches    US orders ‘substantial increase' of Iran sanctions    Felix Brych to referee Ahly-Zamalek Super Cup game in Egypt's Alexandria    Taliban suicide bomb in southern Afghanistan claims 20 more lives as election nears    US Fed cuts interest rates for second time since 2008, amid “uncertainties”    Google lining up to open new office in Cairo soon – official    Sudanese PM Hamdok flies to Egypt for talks    Trump bars California from setting stricter fuel standards    Danone Nations, DECATHLON launch series of initiatives, creating change    World at risk of pandemics that could kill millions    Mint, menthol e-cigarette liquids high in cancer-causing compound    Perils of gender and geography hamper global development    Saudi Arabia says full production restored within the month    'Egypt will not allow any country to impose its will on another in Ethiopian dam issue,' FM says    Egypt's new listing amendments mandate more women on boards    Egypt, Ethiopia at odds as talks over Blue Nile dam resume    5 plant-based soup recipes to warm your body and soul    Egypt's Ahly to train for Super Cup game against Zamalek immediately    Egypt says GERD talks with Ethiopia 'stumbled', next round in Khartoum in October    Tutankhamun Opera to debut with inauguration of Grand Egyptian Museum: Zahi Hawass    Egypt court sentence 6 to death for joining terrorist group, manufacturing explosives; 8 acquitted    'Al-Daheeh' host Ahmed El-Ghandour shortlisted for IBC's first 'Young Pioneer' award    Egypt's Sisi discusses education, terrorism at national youth conference    Sisi to open 8th edition of the National Youth Conference Saturday    Spotify buys music production marketplace SoundBetter    Egypt's PM discusses details of Al-Hussein Mosque renovation    Egypt's Baron Empain Palace to be reopen after renovation    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Cairo's historic Tahrir square to be renovated – PM    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Outstanding balances of T-bills, bonds reach EGP 1.97tn end-July
T-Bills balances reached EGP 1.203tn, T-Bonds at EGP 766.36bn, in addition to international bonds of $23.21bn, €4bn, says Finance Ministry
Published in Daily News Egypt on 19 - 08 - 2019

The outstanding balances of treasury bills (T-Bills) and bonds (T-Bonds) owed by the government until the end of July 2019 amounted to EGP 1.97tn, according to the Ministry of Finance.
Banks working in the Egyptian market are considered the largest investors in T-bills and bonds which the government issues on a regular basis to cover the state's budget deficit.
These government securities are proposed through 15 banks, which are the principal dealers in the primary market. The banks resell a part of these securities in the secondary market to retail investors, as well as to local and foreign institutions.
In a recent report, the ministry pointed out that the total outstanding balances of treasury bills reached about EGP 1.203tn at the end of July 2019, including EGP 109.062bn with maturity of 91 days, EGP 212.144bn for 182 days, EGP 313.762bn for 273 days, and EGP 568.999bn for 364 days.
According to the ministry, these bills are due from 6 August 2019 to 4 August 2020.
As for local T-Bonds, the ministry said they reached EGP 766.36bn at the end of July 2019.
The bonds were issued between 18 January 2005 and 2 July 2019 and are repayable between 12 August 2019 and 7 May 2029.
Interest rates on these bonds range from 11.4% to 18.75%, averaging 15.085%.
In the same context, the ministry revealed an increase of outstanding international bonds to $23.21bn and €4bn.
The maturity of dollar bonds ranges from 5 to 30 years, while maturity of euro-denominated bonds is 8-12 years.
The Finance Ministry had earlier announced its intention to expand in borrowing from the local market to fill the chronic deficit in the state budget significantly during the first quarter of the fiscal year (FY) 2019/20.
The ministry plans to issue EGP 522bn worth T-Bills and T-Bonds from the beginning of July to the end of September 2019, the highest rate of government borrowing through debt instruments since the launch of these instruments on the market.
The state budget deficit is expected to reach EGP 445.1bn at the end of FY 2019/20.
The ministry's plan reveals that the government targets to issue EGP 490.75bn worth T-Bills and EGP 31.25bn worth T-Bonds.


Clic here to read the story from its source.