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00:45
Egypt's central bank issues 47.5 bln EGP in T-bills
STORY: Egypt's central bank issues 47.5 bln EGP in T-bills
SHOOTING TIME: Earlier footage
DATELINE: Nov. 13, 2023
LENGTH: 00:00:45
LOCATION: Cairo
CATEGORY: ECONOMY
SHOTLIST:
1. various of the Egyptian Ministry of Finance
2. various of the Central Bank of Egypt
STORYLINE:
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, issued treasury bills (T-bills) at a total value of EGP 47.5 billion through two offerings on Sunday.
With a tenor of 91 days until Feb. 13, 2024, the first tranche was valued at EGP 22.5 billion, according to official data.
The second offering stood at EGP 25 billion and will mature in 273 days on Aug. 13 next year.
On Nov. 9, 2023, the Central Bank of Egypt auctioned T-bills worth EGP 46.5 billion through two tranches.
Banks operating in the Egyptian market are the largest investors in the treasury bills and bonds regularly offered by the government to cover the state's general budget deficit.
Xinhua News Agency correspondents reporting from Cairo.
(XHTV)
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