By Asmaa Nabil
The Central Bank of Egypt (CBE) is to issue treasury bonds today valued at EGP 4.6 billion. The first treasury bond is valued at EGP 1 billion, to mature in 91 days, and the second is valued at EGP 3.5 billion to mature in 266 days.
The Ministry of Finance (MOF) also launched two treasury bonds valued at EGP 5.5 billion last Thursday. The first one is worth EGP two billion and is set to mature in 182 days, while the second is valued at EGP 3.5 billion and set to reach maturity in 364 days.
The week before last, the MOF issued treasury bonds worth EGP 5 billion; the first valued at EGP one billion and is set to mature in 91 days. Banks subscriptions were valued at EGP 1.9 billion, however only EGP one billion was accepted with 14 percent return. The second treasury bonds were valued at EGP four billion, banks subscriptions reached EGP 5.7 billion and only EGP four billion were accepted with 15.7 percent return.
The MOF also launched bonds to the amount of EGP 3.5 billion with a 357-day maturity date. Banks offers were valued at EGP 4.8 billion, but only EGP two billion were accepted with 15.7 percent return. The second was valued at EGP two billion; offers were EGP 4.3 billion, of which EGP 3.5 billion were accepted with 15 percent return.