Arab Finance: The Central Bank of Egypt (CBE) is offering EGP 105 billion in treasury bills (T-bills) on Sunday, July 19th, in coordination with the Ministry of Finance, as part of the government’s efforts to finance the state budget deficit, according to data published on the CBE’s website.

The issuance includes the offering of EGP 35 billion worth of 91-day-term T-bills and EGP 70 billion worth of T-bills with a tenor of 273 days.

The government issues treasury bills and bonds with different maturities to meet its financing needs. Banks operating in the local market, particularly state-owned banks, are among the largest investors in these instruments.