Finance Ministry to auction LE 146.5B in T-bonds, bills in June

CAIRO – 2 June 2019: The Finance Ministry will auction treasury bonds and bills at a total value of LE 146.5 billion during June.

The ministry clarified that treasury bills (T-bills) will be auctioned with a 91-day term, 182-day term, 273-day term and 364-day term worth LE 34 billion, LE 35 billion, LE 34 billion, and LE 37 billion, respectively.

Moreover, the ministry said it will auction three-year treasury bonds (maturing in June2022) worth LE 2 billion, five-year bonds (maturing in April 2024) worth LE 1.75 billion, seven-year bonds (maturing in April 2026) for LE 1.5 billion, and ten -year bonds (maturing in May 2029) at LE 1.25 billion.

The Finance Ministry announced earlier that it will auction treasury bills and bonds at a total value of LE 478.5 billion during the fourth quarter of fiscal year 2018/2019.

The ministry clarified that treasury bills (T-bills) will be auctioned with a 91-day term, 182-day term, 273-day term and 364-day term worth LE 750 billion, LE 110 billion, LE 250 billion, LE 114 billion, LE 111 billion, LE 750 billion, and LE 120 billion, respectively.

As per T-bonds, the ministry will auction three-year treasury bonds (maturing in January 2023) worth 4.75 billion, three-year bonds (maturing in June 2022)worth LE 2 billion, five-year bonds (maturing in April 2024) for LE 5.75 billion, and seven-year bonds (maturing in April 2026) at LE 5 billion.

It will also auction 10-year t-bonds (maturing in November 2027) at a total value of LE 1.5 billion, and 10-year t-bonds (maturing in May 2029) at LE 2.75 billion.

During May, The Finance Ministry auctioned treasury bonds and bills at a total value of LE 148 billion.

For the current fiscal year, the budget deficit is estimated to record LE 438.59 billion, or 8.4 percent, planned by the ministry to be financed through treasury bills and bonds and through international and Arab loans.