The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, will issue treasury bills (T-bills) worth EGP 72 billion on Sunday, November 17.
The issuance is divided into two tranches: the first amounts to EGP 45 billion for a 91-day term, while the second is valued at EGP 27 billion with a 273-day maturity.
As part of its financing strategy for November, the Ministry of Finance is set to hold 26 auctions for treasury bills and bonds totaling EGP 542 billion. This includes 16 treasury bill auctions worth EGP 480 billion and 10 bond auctions amounting to EGP 62 billion, aimed at managing previous debt obligations and bridging the state budget deficit.
The schedule includes four treasury bill auctions of EGP 150 billion for 91-day maturities, another four of the same value for 182 days, four auctions totaling EGP 90 billion for 273 days, and four others worth EGP 150 billion for 364 days.
Bond auctions will feature two two-year bonds worth EGP 10 billion, two floating-rate three-year bond auctions totaling EGP 4 billion, and four fixed-rate three-year bond auctions worth EGP 44 billion. Additionally, two floating-rate bond auctions for five years, valued at EGP 4 billion, are planned.
Egyptian banks remain the leading investors in government debt instruments, which are regularly issued to support the budget. These instruments are issued via 15 banks operating within the "Primary Dealers" system. In turn, these banks redistribute part of the bonds and bills in the secondary market to local and foreign individual and institutional investors.
