CBE to Sell $1.1 Billion in T-bills on 15 Dec. 2015Source: www.export-egypt.com 12/10/2015, Location: Africa |
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Egypt’s Central Bank will issue one-year dollar-denominated treasury bills worth $1.1 billion to local banks and international financial institutions on 15 December, the MENA state news agency reported Thursday citing a CBE statement.
The dollar t-bills will mature on 16 December in 2016 with a nominal value of $100,000 each. The t-bills' interest rate is yet to be announced. MENA cited anonymous bankers as saying that the CBE move is aimed at repaying Qatar $1 billion worth of bonds that mature 7 January. |
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