• 17:19
  • Thursday ,18 August 2016
العربية

Finance ministry to borrow 10.2 bln EGP in T-bills on Sunday

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12:08

Thursday ,18 August 2016

Finance ministry to borrow 10.2 bln EGP in T-bills on Sunday

 The Finance Ministry, via the Central Bank of Egypt, is set on Thursday to borrow a total of 10.7 billion EGP (around $1.2 billion) through treasury bills (T-Bill), Youm7 reported.

 
The auction is divided into two installments:  the first 182-day-term treasury bonds are to the value of 4.7 billion EGP, while the second 364-day-term bills’ value is estimated at 6 billion EGP.