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FINANCIAL NEWS
Egypt to pump debt instruments at EGP371bn in Q1
29 Jun 2017
(MENAFN) Egypt’s Ministry of Finance aims to issue treasury bills and bonds with a value of EGP371bn in the first quarter of this year and next year.
Moreover, the value of debt instruments reached almost EGP342bn in the fourth quarter of 2016/2017 and EGP299bn in Q3 of the same year.
Meanwhile, the country’s debt instruments, particularly the treasury bills are attracting a huge number of global investors, with an increase of return that surpasses 20 percent.
Additionally, dependence on debt instruments has led to higher cost of debt in the state budget to reach EGP380bn in the coming financial year.
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MENAFN2906201700450000ID1095585156
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