{"id":652244,"date":"2017-01-04T04:06:39","date_gmt":"2017-01-04T04:06:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/govt-borrowing-to-rise-8-5-in-third-quarter-bias-toward-short-term-instruments\/"},"modified":"2017-01-04T04:06:39","modified_gmt":"2017-01-04T04:06:39","slug":"govt-borrowing-to-rise-8-5-in-third-quarter-bias-toward-short-term-instruments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/govt-borrowing-to-rise-8-5-in-third-quarter-bias-toward-short-term-instruments\/","title":{"rendered":"Gov\u2019t borrowing to rise 8.5% in third quarter, bias toward short-term instruments"},"content":{"rendered":"

Government borrowing will rise about 6.4% in the third quarter<\/strong> of the current state fiscal year to EGP 229 bn, according to Al-Borsa, which notes the Finance Ministry will be shifting toward short term instruments to finance the deficit \u2014 a logical move, says CI Capital analyst Hany Farahat, in view of current interest rates. Farahat is also quoted as saying he sees interest rates declining over the course of the year, closing 2017 at pre-float levels. The Borsa story is here<\/a> and the Finance Ministry\u2019s timetable for bond and t-bill issuances in 3Q2016-17 is here (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Government borrowing will rise about 6.4% in the third quarter of the current state fiscal year to EGP 229 bn, according to Al-Borsa, which notes the Finance Ministry will be shifting toward short term instruments to finance the deficit \u2014 a logical move, says CI Capital analyst Hany Farahat, in view of current interest rates. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652244","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1e230309-20f2-4186-a84f-4a056c6adee6","order":"0","is_powered_by":true,"section_story_id":"16feff72-e0d3-462c-bf83-d365ecbb7974","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652233],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t borrowing to rise 8.5% in third quarter, bias toward short-term instruments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/govt-borrowing-to-rise-8-5-in-third-quarter-bias-toward-short-term-instruments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t borrowing to rise 8.5% in third quarter, bias toward short-term instruments\" \/>\n<meta property=\"og:description\" content=\"Government borrowing will rise about 6.4% in the third quarter of the current state fiscal year to EGP 229 bn, according to Al-Borsa, which notes the Finance Ministry will be shifting toward short term instruments to finance the deficit \u2014 a logical move, says CI Capital analyst Hany Farahat, in view of current interest rates. 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The Finance Ministry says offshore investors increased their holdings of Egyptian treasuries to EGP 79 bn at the March, Namatalla writes, adding that government borrowing\u2026","rel":"","context":"In "Speed Round"","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":626889,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/govt-in-talks-with-global-lenders-for-long-term-facilities\/","url_meta":{"origin":652244,"position":1},"title":"Gov\u2019t in talks with global lenders for long-term facilities","author":"enterpriseam admin","date":"15 July 2018","format":false,"excerpt":"EXCLUSIVE- Maait says global macro headwinds and outlfows from Egyptian debt instruments push gov\u2019t to seek long-term facilities: The Madbouly government is in talks with international finance institutions line up longer-term facilities that will help plug Egypt\u2019s financing gap, Finance Minister Mohamed Maait told Enterprise over the weekend.Who are we\u2026","rel":"","context":"In "Speed Round"","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":642123,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/yields-on-short-term-borrowing-continue-to-drop\/","url_meta":{"origin":652244,"position":2},"title":"Yields on short-term borrowing continue to drop","author":"enterpriseam admin","date":"7 August 2017","format":false,"excerpt":"Yields on three-and nine-month treasury bills fell again in yesterday\u2019s auction, continuing the drop from Thursday\u2019s auction. Reuters notes that yields on the 91-day bill dropped to 19.131% from 20.767% and yields on the 273-day bills were down to 18.878% from 20.570%. \u201cWe are witnessing an influx of foreign inflows\u2026","rel":"","context":"In "Speed Round"","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":596441,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/hany-farahat-appointed-as-general-manager-at-egypts-banque-misr\/","url_meta":{"origin":652244,"position":3},"title":"Hany Farahat appointed as general manager at Egypt\u2019s Banque Misr","author":"enterpriseam admin","date":"28 August 2019","format":false,"excerpt":"MOVES- Hany Farahat (LinkedIn) has left his position as CI Capital\u2019s chief economist and has been appointed as general manager and head of market intelligence at Banque Misr. 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The overnight deposit rate was raised to 18.75% from 16.75%,\u2026","rel":"","context":"In "Speed Round"","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":642095,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/yields-on-egypts-short-term-borrowing-fall-significantly\/","url_meta":{"origin":652244,"position":5},"title":"Yields on Egypt\u2019s short-term borrowing fall significantly","author":"enterpriseam admin","date":"6 August 2017","format":false,"excerpt":"The average yields on Egypt\u2019s six-month and one-year treasury bills dropped in their weekly auction on Thursday, reports Reuters. Average yield on the six-month bill fell to 19.574% from 21.175% and the yield on the one-year bill fell to 19.348% from 20.952%. 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