Finance Ministry to issue EGP 730bn in T-bills, bonds in March

The Ministry of Finance has unveiled its plan to issue 32 Treasury bills (T-bills) and bond auctions in March, totaling EGP 730 billion. This includes 16 Treasury bill auctions worth EGP 640bn and 16 bond auctions amounting to EGP 90bn. The move is part of the government’s strategy to refinance existing debt and bridge the state budget deficit. According to the ministry’s official announcement, the Central Bank of Egypt (CBE), acting on behalf of the government, will conduct four Treasury bill auctions with a 91-day maturity, valued at EGP 130bn. Additionally, four auctions will be held for 182-day bills, worth EGP 170bn, along with another four auctions for 273-day bills at the same value. The plan also includes four auctions for 364-day Treasury bills, totaling EGP 170bn.