The Ministry of Finance revealed that the outstanding balance of treasury bonds (T-bonds) fell by EGP 8bn at the end of November 2018 to a total of EGP 686.366bn, from EGP 693.864bn at the end of October 2018. In a recent report, the ministry said that T-bonds worth EGP 15bn are due in December, while the remaining balance will be due between 25 February 2019, and 6 November 2028. Aside from the local currency bonds, there is an additional $20.57bn worth of international bonds in global markets. According to the report, bonds worth $1.36bn were due to be paid on 10 December 2018, but nothing has been announced yet. One of three tranches was offered at the time, with an interest rate of 4.62%.

Source: Daily News Egypt December 19, 2018 08:34 UTC