The government will launch treasury bonds and bills for EGP 105.25bn, including 16 bill tenders for EGP 99bn and 8 bond tenders for EGP 6.25bn. In FY 2015/2016, the government borrowed more than EGP 1.1tn through treasury bonds and bills, based on figures obtained by Daily News Egypt. These banks re-launch part of these bills and bonds to their clients, both foreign and domestic. After increasing the interest rate by the Central Bank of Egypt (CBE) by 2% in May 2017, the return prices on treasury bills and bonds increased over the past two weeks to unprecedented levels. As for the return on bonds, they range between 18.4-18.69% for three-year bonds; 18.75-18.79% for five-year bonds;18.3-18.84% for seven-year bonds; and 18.45-18.85% for 10-year bonds.

Source: Daily News Egypt June 04, 2017 07:52 UTC