(3 Minutes Read)
The CBE first introduced euro-denominated T-bills on 28 August 2012, with an initial yield of 3.25%. Subscriptions for the new issue are open to both domestic banks and foreign institutions, with a minimum bid of €100,000 and multiples thereafter.
The Central Bank of Egypt (CBE) issued €600m in euro-denominated treasury bills on Monday, maturing in August 2026. The proceeds from this issuance will be used to repay a previous issuance of €609.8 million, launched on 13 August 2024.In a similar auction held on 4, November 2024, the CBE received 28 bids totaling €922.8m for the same value. From these, 19 bids were accepted, amounting to €642.8m, at an interest rate of 3.5%. Some bidders had requested a yield as high as 4.20%, but the CBE rejected these.
The CBE first introduced euro-denominated T-bills on 28 August 2012, with an initial yield of 3.25%. Subscriptions for the new issue are open to both domestic banks and foreign institutions, with a minimum bid of €100,000 and multiples thereafter.
Read Also:
https://trendsnafrica.com/egypt-readies-plans-for-production-of-biogas-from-agricultural-wastes/
The subscription process follows the same procedure as for local currency T-bills, where banks submit bids with the amount and interest rate sought. The CBE then reviews the bids and accepts those that meet its criteria.
