Today... a tender for treasury bills worth 50 billion pounds was issued

  • يطرح البنك المركزي المصري ، نيابة عن وزارة المالية اليوم ، الخميس ، عطاءي أذون خزانة بقيمة 50 مليار جنيه ، الأول بقيمة 25 مليارا لأجل 182 يوما والثاني بنفس القيمة لأجل 364 يوما.

 

  • The Ministry of Finance aims to issue 26 tenders for treasury bills and bonds worth 457 billion pounds during the month of May, including 16 tenders for bills worth 420 billion pounds, and 10 bond bids worth 37 billion pounds.

 

  • This comes as part of a government plan through which it aims to borrow 1,491.5 trillion pounds from the local market during the fourth quarter of the fiscal year 2023/2024, to pay previous maturities for debt instruments, and to finance the state’s general budget deficit.

 

  • This month, the Central Bank, which undertakes this task on behalf of the government, is issuing treasury bills worth 120 billion pounds for 91 days, 100 billion for 182 days, and 110 billion for 273 days, while 364-day bills worth 90 billion are scheduled to be issued. .

 

  • It is also scheduled to offer 546-day “ZeroCobon” bonds worth 22 billion pounds, and 3-year bonds worth 14 billion pounds, in addition to 5-year bonds worth 1 billion pounds.

 

  • 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 that participate in the “primary dealers” system in the primary market, and these banks resell a portion of them in the secondary market to individual investors and local and foreign institutions.

Share the topic with your friends on

Facebook
Twitter
WhatsApp
Telegram
LinkedIn
Email

Leave A Reply

Start trading!

If you want to start trading, contact us on WhatsApp now

You may also like

  EGP 55 billion is the value of two treasury bills tenders offered by the Central Bank of Egypt today    
  • Blog
  • 22 December 2024
Urgent .. The European Commission to disburse one billion euros to Egypt within the mechanism to support the macroeconomic and budget support. Photo by Hossam Mounir Hossam...
  • Blog
  • 21 December 2024
      Prices of the main currencies traded in the Egyptian market against the pound during morning transactions in banks today, Thursday. On...
  • Blog
  • 19 December 2024


Subscribe to receive all new 

Please enable JavaScript in your browser to complete this form.