Egyptian Government eyes borrowing EGP 642.5bn from local market in Q2 2021
Published 04 Apr,2021 via Daily News Egypt - The Egyptian Government intends to borrow EGP 642.5bn from the local market in the second quarter (Q2) of 2021, divs obtained by Daily News Egypt indicate.
The finance will be gained through Treasury bills (T-bills) and bonds (T-bonds), during Q2 of 2021, which is also Q4 of fiscal year (FY) 2020/21.
According to the government’s plan, the Ministry of Finance intends to issue 52 tenders for T-bills worth EGP 462bn, alongside 35 bids for T-bonds worth EGP 180.5bn, from 1 April to the end of June 2021.
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Daily News Egypt