Egypt - The Ministry of Finance plans to launch 25 auctions for treasury bills (T-bills) and bonds worth EGP 540.25bn in February. This consists of 16 auctions for bills totalling EGP 528bn and 9 auctions for bonds worth EGP 12.25bn. Moreover, there will be four auctions for 364-day bills, worth EGP 140bn. Additionally, two auctions for “zero-coupon” bonds with a maturity of 728 days worth EGP 3bn will be held, along with four auctions for 3-year bonds worth EGP 7bn. There will also be two auctions for “variable yield” bonds with a 5-year maturity worth EGP 1.25bn, and one auction for “fixed yield” bonds with the same maturity, worth EGP 250m.

Source: Daily News Egypt January 31, 2024 18:12 UTC