The Central Bank of Egypt (CBE) received 28 bids totalling $1.719bn in a tender for USD-denominated treasury bills. The CBE had initially offered $1.610bn in one-year treasury bills, maturing on November 12, 2024. The proceeds from this tender will be used to repay a previous tender offered on November 15, 2022, through which the CBE obtained $1.6bn. There was no significant change from the yield of a similar tender offered on June 5, 2023. Investors in the dollar-denominated bills subscribe in the same manner as local currency-denominated bill offerings.
