Egyptian Government Treasury Bills
Enjoy Short-term security for one year and less!
Egyptian Government Treasury Bills
Enjoy Short-term security for one year and less!
It is offered in 3 Months, 6 Month, 9 Months & 12 Months.
The Promissory note is issued by the ministry of Finance through the Central Bank of Egypt.
T-bills commonly pay no explicit interest but are sold at a discount, and their yield being the difference between the purchase price and the face-value (also called redemption value).
Features & Benefits
- Issuer: Ministry of Finance
- Security Type: Treasury Bills
- Central Depositary: Central Bank
- Face Value: EGP 25,000 and its multiples
- Redemption: single payment at maturity
- Tax Status: 20% withholding Tax deducted at maturity
