Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Infrastructure 
First EUR-denominated t-bill auction in 2025 sees yields drop 1.25 percentage points
Good morning, friends, and a happy hump day to you all. In today’s issue, we’ve got plenty of welcome news…
Foreign investments in Egypt’s t-bills were up again in May for third consecutive month following EGP float
Foreign investments in Egypt’s t-bills sat at USD 37.5 bn by the end of May
Gov’t eyes increasing the average term of its securities to 4.5-5 years
The government will also continue to work on lowering its debt servicing costs
The FT on the return of investor appetite for local debt
Foreign investors have poured USD 8.5 bn into short-term local debt over the past month
CBE auctions off more EGP t-bills, this time at a much lower yield
The one-year bills received offers over 4x its original ask and six-month bills 2x its ask
Gov’t declined all bids in latest bond auction
FinMin was reluctant to meet the high interest rates demanded by investors
Another rate hike incoming?
JPMorgan sees the CBE hiking interest rates by a further 200 bps when it meets later this month
Investors are loving EGP t-bills
International investors bought up USD 825 mn of the bills sold
Something went wrong. Please refresh the page and/or try again.