Egypt to issue 1-year T-bill worth $700mn

CAIRO: Egypt will issue a 1-year treasury bill worth $700 million dollars, a central bank statement said on Thursday.

The statement said the finance ministry was the issuer and the bookkeeper was the central bank.

The auction deadline is June 15, 2015 and the issue date is June 16.

Eligible subscribers include local banks and foreign financial institutions, the statement said.