The Ministry of Finance has announced that it will offer treasury bills and bonds worth a total of EGP 838bn in September 2025. The issuance will comprise 20 treasury bill tenders amounting to EGP 720bn and 22 bond tenders worth EGP 118bn.
This offering is part of a broader plan by the government to issue local debt instruments valued at EGP 2.358 trillion during the first quarter of fiscal year 2025/2026. The proceeds will be used to repay maturing debts and to finance the state’s general budget deficit.
According to the ministry’s issuance schedule for September, it will offer five 91-day treasury bill tenders with a combined value of EGP 110bn, five 182-day tenders worth EGP 185bn, five 273-day tenders also totaling EGP 185bn, and five 364-day tenders amounting to EGP 240bn.
On the bond side, the plan includes five two-year bond tenders worth EGP 29bn and five three-year bond tenders worth EGP 59bn. In addition, the ministry will issue five three-year floating-rate bond tenders with a value of EGP 23bn, five five-year bond tenders worth EGP 4bn, and two five-year floating-rate tenders totaling EGP 3bn.
Banks operating in the Egyptian market are the primary investors in government-issued treasury bills and bonds, which are regularly offered to cover budgetary needs. These debt instruments are issued through 15 banks participating in the Primary Dealers system. Once acquired, a portion of these securities is typically resold on the secondary market to both local and international individual and institutional investors.
This debt issuance plan reflects the Ministry of Finance’s strategy to maintain liquidity in the domestic market while meeting the government’s financial obligations in a manner consistent with fiscal sustainability.
