Egypt’s Central Bank has announced the issuance of euro-denominated treasury bills worth €550 million, maturing in one year on 11 August 2026.
The offering, released on Monday, aims to refinance a previous treasury bill of €609.8 million due next week, which carried an average return rate of 3.75%.
This new issuance follows the Central Bank’s last euro treasury bill sale on 4 November 2024, when it raised €642.8 million for a one-year term at an average yield of 3.50%.
The move comes as Egypt experiences evolving inflation dynamics. The Central Bank reported a slight rise in the core inflation rate in July, which edged up to 11.6% from 11.4% in June.
In contrast, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed a decline in the headline inflation rate, which fell to 13.9% in July 2025 from 14.9% in June. Monthly inflation registered a negative 0.5%, signalling a mild easing of consumer price pressures.
The treasury bill offering is part of Egypt’s broader strategy to manage public debt sustainably while navigating fluctuating economic indicators.
Financial analysts note that euro-denominated debt instruments remain an essential tool for Egypt to attract foreign investment and stabilise its currency amid global market uncertainties.
With global inflationary pressures and geopolitical risks continuing to affect emerging markets, Egypt’s careful balancing act between debt issuance and inflation control will be closely monitored by investors and policymakers alike.
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