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FINANCIAL NEWS
Egypt to borrow EGP371bn to fund budget deficit amid Q1
02 Jul 2017
(MENAFN) Egypt aims to borrow EGP371bn in order to finance the deficit of the state general budget amid the Jan-March period of this year and 2018.
In addition, the government intends to offer treasury bills worth EGP349.5bn and treasury bonds worth EGP21.5bn amid the period.
Meanwhile, the Central Bank of Egypt will issue T-bills and bonds worth EGP110.75bn in July, in addition to another offering worth EGP151.5bn in August.
Accordingly, the offerings will involve bills with a maturity period of 91 days, worth EGP84bn, 182-day bills worth EGP84.5bn.
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MENAFN0207201700450000ID1095591500
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