In February, the Ministry of Finance is set to conduct a series of 25 auctions, comprising both treasury bills (T-bills) and bonds, with a total value of EGP 540.25 billion. Among these, 16 auctions are designated for bills, totaling EGP 528 billion, and 9 auctions for bonds with a combined value of EGP 12.25 billion. This initiative is aligned with the government’s strategy to secure EGP 1.647 trillion from the domestic market during the third quarter of the fiscal year 2023/2024. The funds raised will be utilized to settle existing debts and address the state budget deficit.
The Central Bank, acting on behalf of the government, will oversee four auctions each for 91-day and 182-day bills, totaling EGP 140 billion. Additionally, four auctions for 273-day bills, amounting to EGP 108 billion, and four auctions for 364-day bills, valued at EGP 140 billion, are also scheduled.
