Latest in Tag: T-bills Highlight
Latest in Tag: T-bills
Government’s plan includes 16 T-bills offerings worth EGP 142bn, 11 T-bonds offerings worth EGP 56bn
Total of 16 bids for T-bills worth EGP 142.5bn, 10 bids for bonds worth EGP 57bn
Proceeds of bid are used to pay for value of previous bid put forward on 11 February 2020
Total of 16 bids received for T-bills worth EGP 142.5bn, and 10 bids for bonds worth EGP 57bn
The Central Bank of Egypt (CBE) has announced it has received 35 offers worth $1.0511bn from local and foreign investors, to cover a US dollar-denominated Treasury bills (T-bills) auction.
The Central Bank of Egypt (CBE) will issue, on Monday, a tender for one-year US dollar-denominated Treasury bills (T-bills), worth $850m, due on 4 January 2022.
Total of 52 T-bills bids worth EGP 463.5bn, 32 bids for bonds worth EGP 184bn to be issued during January-March period, says Finance Ministry
The proceeds of this bid will be used to pay the value of a previous bid put forward by the CBE on 10 December 2019, through which it obtained $1bn.
Finance Ministry to put forward 20 offerings for T-bills worth EGP 198bn, and 12 bond offerings worth EGP 48.5bn
The CBE floated the $1.56bn worth T-bill tender for a year, due on 16 November 2021.
The CBE had launched a tender to sell €690m 364-day T-bills on 9 November 2021, to pay for older issuance worth €695m that was made in November 2019.
Tenders will be issued from beginning of October to end of December 2020: Finance Ministry
CBE to offer 20 bids for T-bills, on behalf of Egyptian government, worth EGP 191.5bn, and 12 bids for bonds worth EGP 38.25bn
Bid proceeds will be used to pay for previous CBE bid offered on 20 August 2019, amounting to €610m
Auctions part of government plan to borrow EGP 600bn from local market in Q1 of FY 2020/2021
Move is to fill chronic budget deficit during Q1 of FY 2020/21
Finance Ministry to issue EGP 499.5bn of T-bills, EGP 100.5bn of T-bonds between July and September 2020
The first tranche of the T-Bills will be offered through 182-day notes valued at EGP 7.5bn, while the second tranche stands at EGP 7.5bn and will be offered through 364-day notes, the CBE said on its official website.
The sharp movement in the yield curve was accompanied by a drop in the demand/subscription ratio. Monday’s auction saw average yields on the three-year and seven-year T-bonds increasing to 13.883% (up from 13.514%) and 13.861% (up from 13.723%).
The CBE accepted 20 offers worth a total of $509.3m, with interest ranging between 3.42% as the lowest price, 3.45% as the highest price, and 3.446% as an average. This compared to 3.47% as the lowest price and 3.5% as the highest price, and 3.495% as an average in the last similar bid in May.
Proceeds to cover a previous offer worth $715m issued on 11 June 2019
20 T-Bill offerings worth EGP 203bn will be issued, along with 10 bond offerings worth EGP 34bn
New offerings part of government’s plan to issue EGP 610bn T-Bills, bonds until end June
The CBE will issue Treasury Bills and bonds worth EGP 186bn in May, as part of a government plan to borrow EGP 610bn between April and the end of June 2020.
Issuing EGP 522bn T-bills, EGP 88bn bonds between April-June: Finance Ministry
Net foreign assets up EGP 75.1bn in 7 months, credit facilities rise to EGP 1.883bn in January
16 T-Bills bids worth EGP 175bn, 10 T-Bonds bids worth EGP 37.5bn to be issued this month
The CBE rejected other offers from investors who requested an interest of 4.10%.
Proceeds to cover a previous bid floated on 12 February 2019 worth $1.0141bn
Increase of total outstanding balances of T-Bills to EGP 1.512trn 2019-end