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Egypt To Raise $1B From T-Bills Sale

Egypt is seeking to raise $1 billion from a sale of T-Bills.

Egypt is seeking to raise $1 billion from a sale of T-Bills, Bloomberg reports. The issue consists of notes worth $419.67 million maturing in six months and treasury bills worth $587.54 million, due to mature in one year.

The Arab Central Bank will conduct the issue on behalf of the finance ministry. The North African country also intends to sell $503.60 million in three-year treasury bonds and $839.34 million in treasury bills by the beginning of August.

Click here for the story from Bloomberg.

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