Egypt’s Ministry of Finance has announced plans to issue local debt instruments worth EGP 843bn in February 2025, as part of a broader strategy. The plan encompasses tenders totaling EGP 2.703tn in the third quarter of FY 2025/2026 to repay maturing debts and fund the state budget deficit.
The Ministry of Finance published the plan on its official website, with the Central Bank of Egypt (CBE) set to conduct the tenders on behalf of the government. For February, the schedule includes 16 Treasury bill tenders worth EGP 660bn, 13 Treasury bond tenders valued at EGP 172bn, and two sukuk tenders amounting to EGP 11bn.
Treasury bills will feature EGP 100bn maturing in 91 days, EGP 160bn in 182 days, EGP 190bn in 273 days, and EGP 210bn in 364 days.
Longer-term Treasury bonds comprise two-year issuances worth EGP 48bn, including EGP 12bn in zero-coupon bonds; three-year bonds at EGP 90bn; and five-year bonds at EGP 34bn, with EGP 4bn in floating-rate notes.
The ministry also intends to launch two fixed-return local sukuk tenders totaling EGP 11bn. Banks in the Egyptian market continue as the primary investors in these government securities, issued via 15 banks under the Primary Dealers system. These institutions resell portions in the secondary market to individual and institutional investors, both domestic and foreign.