{"id":603215,"date":"2023-08-15T00:00:00","date_gmt":"2023-08-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/15\/cbe-sells-more-than-eur-600-mn-in-t-bills-in-oversubscribed-issuance\/"},"modified":"2023-08-15T00:00:00","modified_gmt":"2023-08-15T00:00:00","slug":"cbe-sells-more-than-eur-600-mn-in-t-bills-in-oversubscribed-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/15\/cbe-sells-more-than-eur-600-mn-in-t-bills-in-oversubscribed-issuance\/","title":{"rendered":"CBE sells more than EUR 600 mn in T-bills in oversubscribed issuance"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> Central bank completes T-bill auction: <\/strong> The Central Bank of Egypt (CBE) sold EUR 626.4 mn in one-year EUR-denominated T-bills in an auction yesterday, according to the bank\u2019s website. The EUR 600 mn issuance was more than 30% oversubscribed, with investors lodging bids worth EUR 806.4 mn, the bank said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Higher borrowing costs: <\/strong> The central bank sold the bills at an average yield of 4.0%. This is more than double the 1.7% rate in a similar issuance last August, and higher than the 2.3% yield in the last EUR-denominated T-bill sale in November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The central bank sold the bills at a 4% yield<\/p>\n","protected":false},"author":1,"featured_media":603216,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[271,88,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-central-bank-of-egypt","tag-debt-watch","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"c0e25878-8348-4911-8414-348859b65591","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/206.jpg","photo_position":"above","homepage_title":"","full_issue_title":"CBE sells more than EUR 600 mn in T-bills in oversubscribed issuance","related_issue":[603206],"teaser":"The central bank sold the bills at a 4% yield","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.418bee5d-3308-4c1b-a65b-3b79ff791947.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Annual headline inflation dropped to 2.4% last month, marking its lowest reading in nearly a decade, as we noted yesterday. Headline inflation accounts for a basket of goods and services\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625846,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/16\/cbe-sells-eur-610-mn-in-eur-denominated-treasury-bill-auction\/","url_meta":{"origin":603215,"position":1},"title":"CBE sells EUR 610 mn in EUR-denominated treasury bill auction","author":"enterpriseam admin","date":"16 August 2018","format":false,"excerpt":"The central bank sold EUR 610 mn-worth of EUR-denominated treasury bills at an auction yesterday, according to a statement picked up by Reuters. The one-year bills will mature on 20 August 2019. \u201cAppetite for Egypt\u2019s domestic debt has grown since the central bank floated the [EGP] in November 2016,\u201d the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571248,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/cbe-sells-almost-usd-1-bn-in-one-year-usd-t-bills\/","url_meta":{"origin":603215,"position":2},"title":"CBE sells almost USD 1 bn in one-year USD t-bills","author":"enterpriseam admin","date":"5 May 2020","format":false,"excerpt":"The Central Bank of Egypt sold USD 975.4 mn of one-year USD-denominated treasury bills in an offering that was 1.3x oversubscribed, according to official figures. The CBE received over USD 1 bn of bids for the USD 800 mn bills it offered. Investors requested yields of up to 5.5%, and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591569,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/central-bank-of-egypt-sells-usd-1-bn-of-1-year-t-bills\/","url_meta":{"origin":603215,"position":3},"title":"Central Bank of Egypt sells USD 1 bn of 1-year t-bills","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"The Central Bank of Egypt (CBE) sold yesterday USD 1 bn in 1-year USD-denominated t-bills,official CBE data shows. The bills carry an average yield of 3.589%, rising slightly from 3.587% in the last similar auction in November, which saw Egypt sell USD 1.56 bn-worth of paper.","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593140,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/19\/central-bank-of-egypt-sells-usd-1-56-bn-in-1-year-usd-t-bills\/","url_meta":{"origin":603215,"position":4},"title":"Central Bank of Egypt sells USD 1.56 bn in 1-year USD T-Bills","author":"enterpriseam admin","date":"19 November 2019","format":false,"excerpt":"CBE sells USD 1.56 bn in 1-year USD T-Bills: The Central Bank of Egypt (CBE) sold yesterday USD 1.56 bn in 1-year USD-denominated T-bills, official CBE data shows. The bills carry an average yield of 3.587%, falling slightly from 3.87% in the last similar auction in June, which saw Egypt\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621602,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/egypt-sells-eur-695-1-mn-of-one-year-treasury-bills\/","url_meta":{"origin":603215,"position":5},"title":"Egypt sells EUR 695.1 mn of one-year treasury bills","author":"enterpriseam admin","date":"13 November 2018","format":false,"excerpt":"Egypt sold EUR 695.1 mn worth of EUR-denominated one-year treasury bills yesterday, central bank data shows. Yields on the bills averaged 1.75%, up from 1.6% at a similar auction in August, according to Reuters.","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=603215"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603215\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/603216"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603215"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603215"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}