Egypt Issues EGP 90bn Treasury Bills in Latest Auction
-
Alaina
- . May 29, 2025
- . Update: May 29, 2025 4:48 pm
The transaction at the Treasury Department on Thursday included two sections of EGP 90 billion each, accessible to local and international buyers. The authority separated the sale into two equal portions of EGP 45 billion each for different maturity periods for the different interests of investors. Investors can participate in a 182-day medium-term bond with the initial tranche of this bond. From December 2, 2025, maturity will be reached, giving all financial participants and investors six months of interest and returns.
After one year and 364 days, the second offering will mature on June 2, 2026. The interest from buyers of this longer bond comes from the chance to profit from government securities over a longer period. This week, on May 25, the central bank issued EGP 75 billion in treasury bills during two separate offers. This action shows that Egyptian authorities keep up their financing of the government and make sure there are ongoing opportunities for local investors.
Authorities organize these auctions fundamentally to manage their hot money and to provide institutional investors with peaceful earning choices.
