Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India explore future cooperation in industry, transport    Egypt expresses 'deep dissatisfaction' to Netherlands over embassy attack    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    At TICAD, Egypt's education minister signs pacts with Casio, SAPIX    Egypt, Japan sign 12 agreements, LOIs across strategic sectors    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    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    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    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.



Finance Ministry intends to offer EGP 338.5bn worth of T-bill, bond issuances in November
20 offering of T-bills worth EGP 271bn and 17 bond issuances worth EGP 67.5bn
Published in Daily News Egypt on 01 - 11 - 2022

The Ministry of Finance intends to offer 34 tenders of treasury bills (T-bills) and bonds worth EGP 338.5bn during November, as part of the government's plan to borrow EGP 878.5bn from the local market during the second quarter of fiscal year 2022/23, with the aim of financing the state's general budget deficit.
The Central Bank of Egypt (CBE), which undertakes this task on behalf of the government, will issue on 20 November T-bill tenders worth EGP 271bn and 14 bond offerings worth EGP 67.5bn.
According to the plan, the ministry is scheduled to offer 5 bids worth EGP 39bn for a term of 91 days, the same amount worth EGP 24bn for a term of 182 days, and 5 bids worth EGP 101.5bn for a term of 273 days, while 5 bids for bills with a term of 364 are scheduled to be offered worth EGP 106.5bn.
In November, the Finance Ministry will issue 5 "Zero Coupon" treasury bonds bids for a year and a half worth EGP 29bn, 5 bids for 3-year bonds worth EGP 36.5bn, two 5-year bids worth EGP 1.5bn, and two 7-year bids worth EGP 1.5bn.
The banks operating in the Egyptian market are the largest sectors investing in bonds and treasury bills, which the government regularly issues to cover the state's general budget deficit.
These bonds and bills are offered through 15 banks that participate in the primary dealers system in the primary market, and these banks resell part of them in the secondary market to individual investors and local and foreign institutions.
The Ministry of Finance revealed earlier that the volume of outstanding balances of local treasury bills and bonds reached about EGP 4.145trn in August 2022.
According to the latest report published by the ministry on its website, the volume of outstanding balances of bills amounted to about EGP 1.618trn while the volume of outstanding balances of bonds amounted to about EGP 2.527trn, of which about EGP 237.391bn are "Zero Coupon" bonds.


Clic here to read the story from its source.