Cairo-Mubasher: The Central Bank of Egypt (CBE) will issue, in coordination with the Ministry of Finance, treasury bonds worth EGP4 billion to support the country's state budget deficit.
The first treasury bonds stand at a total value of EGP3 billion to mature in 3 - years, and the second is valued at EGP 1 billion and set to mature in 7 years.
The government resides to issue debt securities to finance the state budget deficit that amounted to EGP 254.9 billion (representing 7.9% of GDP) during the period from July to March FY2015/16.
