Egypt Plans to Raise $2.6 Billion Selling T-Bills, Bonds During Next Week - Bloomberg

Egypt plans to raise 15.5 billion Egyptian pounds ($2.6 billion) over the next week at auctions of government debt, the largest amount this quarter.

The Arab country’s central bank will seek bids for 2.5 billion pounds in six-month notes and 3.5 billion pounds of one- year securities tomorrow, according to Central Bank of Egypt data on Bloomberg. It plans sales of three-month and nine-month bills on Sept. 18 valued at 2 billion pounds and 3.5 billion pounds, respectively, according to the data.

The lender said earlier this week it will offer a combined 4 billion pounds in two-year and three-year fixed-rate bonds on Sept. 19.

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