The T-bills were offered in two installments, with the first valued at LE 45 billion with a 91-day term, and the second worth LE 27 billion with a 273-day term. The Ministry of Finance plans to issue 26 treasury bill and bond auctions worth LE 542 billion in November. This includes 16 treasury bill auctions totaling LE 480 billion and 10 bond auctions worth LE 62 billion. Additionally, two bond auctions for two-year bonds worth LE 10 billion are planned, along with two "floating-rate" auctions for three-year bonds totaling LE 4 billion, and four fixed-rate bond auctions for three years worth LE 44 billion. There will also be two floating-rate bond auctions for five years worth LE 4 billion.

Source: Egypt Today November 24, 2024 16:52 UTC