The Central Bank of Egypt issues LE 27.5 in T-bills

On behalf of the ministry of finance, the Central Bank of Egypt (CBE) is issuing a treasury bill (T-bills) in the amount of EGP 27.5 bn.

These T-bills are supplied in two installments, the first one estimated EGP 7.5 bn with a 91-day term, while the second amounts to EGP 20 bn with a 273-day term.

Throughout December, 27 bids and a value of EGP 270 bn in bonds are set to be provided by the Ministry of Finance, serving its plan to borrow EGP 878.5 bn from the local market within the new fiscal year’s second quarter.

The government regularly offers T-bills and bonds from the banks operating in the Egyptian market to cover the general budget shortage of the state; these banks are considered the biggest investing sectors.

The governments take loans using T-bills and bonds over variant time intervals, government banks being the biggest buyers of them.

The Ministry of finance had unveiled that the outstanding balances of local bonds and treasury bills have reached EGP 4.4.348 trill. by the end of October 2022.

The Ministry’s most recent report revealed that the volume of outstanding balances of bonds was valued at EGP 2.580 trill. by the end of October, whereas the treasury bills reached EGP 1.767 trill.



A few days away from the Euromoney Egypt Conference 2022 launch on 7 December in Cairo

The conference will review 2022 as well as the year ahead to get a clear picture of the Egyptian finance and investment narrative

Cairo, Egypt: The 25th edition of the Euromoney Egypt Conference will be held under the auspices of, and opened by, His Excellency Dr. Moustafa Madbouly, Prime Minister of Egypt. His Excellency Dr. Mohamed Maait, Egypt’s Minister of Finance, will also be participating along with other high-profile local and international speakers such as: H.E. Dr. Amr Talaat, Minister of Communications and Information Technology, Government of Egypt; Ayman Soliman, Chief Executive Officer, The Sovereign Fund of Egypt; Dr. Mohamed Farid Saleh, Executive Chairman, Financial Regulatory Authority (FRA); and Ahmed Kouchouk, Vice Minister of Finance for Fiscal Policies, Government of Egypt.

Delegates will have the opportunity to meet with and hear from senior representatives from the Egyptian Government, as well as local and international investors, financiers, and business leaders.

The conference will review 2022 as well as the year ahead to get a clear picture of the Egyptian finance and investment narrative and ask the questions:

  • Is the country still fragile or has the freeing of the Egyptian pound been a lasting turning point? The markets seem to think so. But can this trend continue and what else lies ahead for this pivotal Arab nation?
  • Can Egypt’s shift towards sustainability and low carbon energy be maintained and what opportunities does this present for global capital? All these key questions will be answered and many more. This event provides a significant opportunity to stay ahead of the curve in what is going to be a roller-coaster year in the global economy.

The lead sponsors of the conference are Mashreq Bank and Standard Chartered. The co-sponsor is Citibank. Find out more through the conference website, where you can view the full agenda: