- The Ministry of Finance revealed that it aims to offer 6 treasury bills and bonds worth 148 billion pounds in the fourth week of July.
- The Central Bank of Egypt, which is undertaking this task on behalf of the government, is offering 4 tenders for treasury bills worth EGP 140 billion, including a tender worth EGP 40 billion for a term of 91 days, a tender for a term of 182 days worth EGP 30 billion, in addition to a tender worth EGP 25 billion for a term of 273 days, and it is also scheduled to offer a tender for treasury bills worth EGP 45 billion for a term of 364 days.
- It is also scheduled to offer two bond tenders worth EGP 8 billion, including a two-year tender worth EGP 3 billion, and a three-year tender worth EGP 5 billion.
- Tendering of bills is usually held on Sundays and Thursdays, while tendering of bonds is held on Mondays of each week.
- The Ministry of Finance previously revealed that the outstanding balances of local treasury bills and bonds had reached about 4.966 trillion pounds by the end of January 2024.
- According to the latest report published by the Ministry on its website, the volume of outstanding balances of treasury bills amounted to approximately 2.734 trillion pounds, while the volume of outstanding balances of treasury bonds amounted to approximately 2.232 trillion pounds.
- Banks operating in the Egyptian market are the largest sectors investing in treasury bonds and bills that the government periodically offers to cover the state’s general budget deficit.
- These bonds and bills are offered through 15 banks participating in the “primary dealers” system in the primary market, and these banks resell a portion of them in the secondary market to individual and local and foreign institutional investors.
