Egypt to Offer €600 Million in One-Year Treasury Bills
Published
The Central Bank of Egypt announced on Thursday that it will offer treasury bills denominated in the European currency, the euro, worth 600 million euros. This amount is equivalent to approximately $668.82 million US dollars.
Treasury bills are short-term debt instruments issued by the government to borrow from investors. Investors receive a return when the bill reaches maturity. In this case, the bills will have a term of one year.
These bills will be offered at a public auction. Investors submit their bids to purchase, and then the quantities and returns are determined according to the bids that are accepted.
The information available so far does not provide further details about the timing of the auction or the expected rate of return. Those interested in economic affairs will follow the results of this offering in the coming days.
Sources: العربية
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