Shell invests in Mina West gas development in Egyptian Mediterranean Sea    Egypt's FM highlights 'soft power' in Mali meeting with alumni    Egypt's foreign minister opens business forum in Niger, targets new partnerships    Egypt's FM delivers Al-Sisi message to Niger's leader, seeks deeper security ties    Rafah Crossing 'never been closed for one day' from Egypt: PM    Egypt will keep pushing for Gaza peace, aid: PM    Remittances from Egyptians abroad surge 70% YoY in July–May: CBE    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    Egypt's current account gap narrows, but overall BoP records deficit    Al-Sisi urges accelerated oil, gas discoveries, lower import bill    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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



Egypt's Finance Ministry to issue EGP 222bn of T-bills, T-bonds in August
Published in Daily News Egypt on 31 - 07 - 2021

Egypt's Ministry of Finance has revealed its intention to issue Treasury bills (T-bills) and Treasury bonds (T-bonds) worth EGP 222bn in August.
The move comes as part of a larger plan that includes offering local debt instruments worth EGP 587bn to bridge the budget deficit, during the first quarter (Q1) of fiscal year (FY) 2021/22.
According to the financial plan, the ministry intends to issue 20 T-bill tenders worth EGP 158bn, alongside 19 T-bond tenders worth EGP 64bn.
The plan includes: five bids for 91-day T-bills worth EGP 31bn; five bids for 182-day T-bills worth EGP 29bn; five bids for 273-day T-bills worth EGP 24bn; and five other bids for 364 days worth EGP 74bn.
The government's plan also includes offering: two-year T-bonds worth EGP 15bn; three-year T-bonds worth EGP 18bn; and five-year T-bonds worth EGP 8.5bn.
The Ministry of Finance is also scheduled to offer seven-year T-bonds worth EGP 4.5bn, and 10-year T-bonds worth EGP 5.5bn.
This is alongside the intention to offer 15-year T-bonds worth EGP 1bn, along with Zero Coupon T-bonds for 1.5 years, worth EGP 11.5bn.
Banks operating in the Egyptian market represent the largest sector investing in T-bonds and T-bills, which the government periodically offers to cover the state's general budget deficit.
These T-bonds and T-bills are offered through 15 banks that participate in the primary dealers system in the primary market. Those banks resell part of them in the secondary market to individual investors and local and foreign institutions.
Earlier, the Central Bank of Egypt (CBE) revealed that the volume of outstanding balances of treasury T-bills only rose to about EGP 1.554trn at the end of May 2021. This compared to about EGP 1.533trn at the end of April 2021, an increase of about EGP 21bn.
According to the CBE, the investments made by public sector banks in T-bills amounted to about EGP 252.291bn at the end of May, compared to EGP 285.024bn at the end of April.
Meanwhile, the investments of private sector banks amounted to about EGP 344.79bn, compared to EGP 337.7bn.
Investments made by specialised banks amounted to EGP 30.468bn at the end of May, compared to EGP 31.562bn at the end of April. Meanwhile, the investments of foreign bank branches amounted to EGP 46.801bn at the end of May 2021, compared to EGP 47.082bn.
According to the CBE, the size of the domestic public debt amounted to about EGP 4.742trn at the end of June 2020, representing about 81.5% of the gross domestic product (GDP).
Of this amount, 87.8% is owed by the Egyptian Government, 6% is owed by public economic bodies, and 6.2% is owed by the National Investment Bank (NIB).


Clic here to read the story from its source.