On behalf of the Ministry of Finance, The Central Bank of Egypt has issued LE 17 billion in treasury bills, as of today. According to Credit Agricole Egypt,T-bills commonly pay no explicit interest but are sold at a discount, and their yield being the difference between the purchase price and the face-value (also called redemption value).
It has been stated that the T-bills will be offered in two different installments. The first is valued at LE 8.5 billion with a 91-day term and the second worth LE 8.5 billion with a 273-day term. T-bills are issued every Sunday and Thursday.
