Latest in Tag: t-bill Highlight
Latest in Tag: t-bill
The proceeds of the issuance will be used to pay the value of a previous bid put forward by the CBE on 12 November 2019, amounting to €695m.
The offering comprises 16 tenders for T-bills worth EGP 158bn, and 10 tenders for bonds worth EGP 38.5bn.
Thirty offers have been accepted at value of €605.3m
25 offers worth $975.4m were accepted
Growing value of gold reserves pushes FX reserves to its highest level at 2019-end
Interest rate highest at 3.35%, lowest at 3.32%, averaging 3.346%
In a study issued by Bank of America Merril Lynch about Egypt’s economy, the bank stated that the carry trade in Egyptian Treasury Bills (T-bills) is gaining ground. It added that the drop in T-bill yields at auctions reflects increasing foreign investor participation and is helping USD/EGP trade with a better one. In a press …
Foreign investments in debt instruments is one of the most important sources of international financing for emerging and developed economies: CBE