The second type, zero-coupon bonds, recorded a balance of EGP 27.4bn, maturing between 2 May 2017 and 3 April 2018. The largest investors of treasury bonds and bills are banks operating in the Egyptian market. The government puts forward treasury bonds and bills on a regular basis to cover the state budget deficit. Treasury bonds and bills are offered through 15 banks, which are the primary dealers in the primary market. In addition to those bonds, there are four offerings on international markets worth $3.5bn.

Source: Daily News Egypt May 21, 2017 15:45 UTC