Egypt issues $400 million treasury bills
The Central Bank of Egypt announced the issuance of dollar treasury bills worth 400 million dollars with a one-year maturity on June 1st. These will replace previous bills amounting to 485.5 million dollars, with an interest rate of 4.250%. Treasury bills are short-term debt instruments used by the government to borrow from both domestic and foreign investors, with interest paid in dollars after one year.
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