Egypt's Central Bank Offers EGP 75 Billion in Debt Instruments
The Central Bank of Egypt (CBE), acting on behalf of the Ministry of Finance, offered treasury bills and bonds totaling EGP 75 billion (approx. $1.56 billion) on Monday, June 30, 2025. This move is part of the government's regular schedule of debt issuance to manage state finances.
By the Numbers
EGP 75 Billion: Total value of debt instruments offered on Monday (approx. $1.56 billion).
EGP 65 Billion: The portion offered in Treasury Bills (T-bills).
EGP 10 Billion: The portion offered in Treasury Bonds (T-bonds).
3 Years: The maturity period for the T-bonds offered.
A Closer Look at the Debt Offering
The offering was split across different maturities to meet various investor appetites. The EGP 65 billion in T-bills was divided into two tranches:
An auction for EGP 25 billion with a 91-day tenor.
A second auction for EGP 40 billion with a 273-day tenor.
Additionally, the CBE offered a single issue of three-year T-bonds valued at EGP 10 billion.
The Role of Government Debt Instruments
These regular debt auctions are the primary tool used by the Egyptian government to finance the state budget deficit and manage liquidity within the domestic financial system. The funds raised are used to finance government expenditures on public services, infrastructure, and other state obligations.
Looking Ahead
The scale and frequency of these debt auctions are a key indicator of the country's fiscal policy and are closely monitored by domestic and international investors. The day prior to this offering, on Sunday, June 29, the CBE had auctioned another EGP 80.5 billion in debt instruments, highlighting the ongoing efforts to manage the country's financial landscape.
Source: Zawya