Figures obtained by Every day Information Egypt revealed that the Ministry of Finance intends to supply 27 bids for payments and treasury bonds price EGP 270bn this month.
The Central Financial institution of Egypt (CBE), which undertakes this activity on behalf of the federal government, will launch on 16 December tenders for payments price EGP 217bn and 11 tenders of bonds price EGP 53bn.
In keeping with the plan, the ministry is scheduled to supply 4 bids price EGP 31bn for a interval of 91 days, 4 for a interval of 182 days at a price of EGP 19bn, 4 bids price EGP 81bn for a interval of 273 days, and one other 4 for a interval of 364 days at a price of EGP 86bn.
Moreover, the ministry will problem 4 bids for zero coupon treasury bonds for a interval of 1 and a half years at a price of EGP 23bn, 4 bids for three-year bonds at a price of EGP 29bn, a bid for a interval of 5 years at a price of EGP 500m, and two bids for a interval of seven years at a price of EGP 500m.
The banks working within the Egyptian market are the biggest sectors investing in bonds and treasury payments that the federal government affords periodically to cowl the state price range deficit.
These bonds and payments are provided by means of 15 banks that take part within the Major Sellers System within the main market after which these banks resell a part of them within the secondary market to particular person and native and overseas institutional traders.
The ministry revealed that the amount of excellent balances of native treasury payments and bonds amounted to about EGP 4.348 trillion on the finish of October 2022.
Additionally, in keeping with the most recent report revealed by the ministry on its web site, the amount of excellent balances of treasury payments on the finish of October amounted to about EGP 1.767 trillion, whereas the amount of excellent balances of bonds amounted to roughly EGP 2.58 trillion.
