(MENAFN) On Sunday, the Central Bank of Egypt (CBE) will issue treasury bills worth EGP 14.5 billion on behalf of the Ministry of Finance (MOF).
The first 91-day tranche totals EGP 6.75 billion, while the second offering will be through 273-day notes worth EGP 7.75 billion, the CBE said via its official website.
The issuance will be used to finance the budget deficit, the CBE said.
Egypt's debt instruments, especially T-bills, are attractive to foreign investors owing to their high yield.
The MOF posted a 51% year-on-year surge in T-bill issues for the second quarter of fiscal year 2017/2018, recent data showed.
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