Egypt is heading back to the dollar debt market with plans to auction $950 million in one-year treasury bills, according to a central bank statement issued ahead of the sale.
The upcoming issuance is designed to roll over existing obligations, replacing $1.06 billion in one-year dollar treasury bills that are set to mature. Those outgoing bills carried a weighted average yield of 4.25%, offering a benchmark for investor appetite ahead of the new auction.
The move reflects Cairo’s ongoing strategy of managing near-term foreign-currency liabilities through regular refinancing, as it balances funding needs with market conditions in global dollar markets.
