The Central Bank of Egypt (CBE) announced the issuance of euro-denominated Treasury bills worth €600 million, with a maturity of 364 days, as part of its ongoing efforts to diversify funding sources and attract foreign currency liquidity.
According to the CBE’s official statement, the auction for the bills will close on Monday, November 3, with settlement scheduled for November 4, and maturity on November 3, 2026.
Planned maturities include:
91-day bills: EGP 340 billion
182-day bills: EGP 520 billion
273-day bills: EGP 525 billion
364-day bills: EGP 665 billion
This latest auction follows a similar sale in August 2025, when the central bank sold €591.7 million in euro-denominated Treasury bills at an average yield of 2.25%. The move is part of Egypt’s broader strategy to strengthen its foreign reserves and maintain investor confidence amid ongoing global financial uncertainty.
The euro-denominated bills allow the government to raise funds directly in foreign currency, helping to manage external debt obligations and stabilize exchange rate pressures.
A recent report from the Central Bank highlighted that Egypt’s economy continued to show robust growth during the third quarter of 2025, expanding by around 5%, supported by improved performance in non-oil manufacturing and a resurgent tourism sector.
Real GDP grew by 5% in the second quarter, marking the strongest pace since early 2022. This improvement lifted annual growth for the 2024/2025 fiscal year to 4.4%, compared with 2.4% in the previous year, reflecting stronger domestic activity and investment inflows.
Meanwhile, Egypt’s Ministry of Finance has outlined plans to issue EGP 2.358 trillion (approximately $48 billion) in local debt instruments during the current quarter (July–September 2025), nearly double the EGP 1.133 trillion issued in the same period last year.
The majority of these instruments will be short-term Treasury bills, totaling EGP 2.05 trillion, alongside EGP 308.5 billion in Treasury bonds.
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