• Each 1% of rate reduction on governmental securities rreturn saves the amount of EGP 10 billion of public debt .
•  Minister of Finance: decline interest rate reflects the increasing confidence of financial institutions in the Egyptian economy capacity and the Arab Countries support .

The Ministry of Finance data revealed a significant decrease in the interest rates of governmental financial securities that have been issued during the period from the first of July till the middle of August 2013, following the 30th of June revolution.

The reduction rate on treasury bills is estimated at 2.5%, while on bonds is estimated at 1.8%, compared to the previous period contributed in notably reducing public debt burdens on budget by, as each reduction in interest rate on T-bills and bonds by about 1% saves the amount of EGP10 billion in the cost of the public debt redemption.

 Minister of Finance, Dr. Ahmed Galal said that, the reduction in interest rates reflects the increasing confidence of financial institutions in the Egyptian economy capacity to overcome the current crisis, as well as, increasing the financial liquidity rates of banking sector and the Arab countries support for Egypt.

 Concerning the new issuance operations, the Minister indicated that the Ministry had issued T-bills and bonds through the two sessions, which have been held on 18th and 19th of August with the amount of EGP 15 billion according to the previously announced quarterly timetable of the governmental issuance. He indicated to the interest rate  stability this week , as the interest rate on the 91 days term bond recorded 11.44% as it was covered for 1.5 time , the 182 days term bond recorded 12.378% was covered for 1.8 time , the  273 days term bond recorded 12.413% and was covered for 1.7 time, the 346 days term bond recorded 12.861% and was covered for 2.3 time , the 5 years term bond recorded 14.909 % and was covered for 2.2 time , the 10 years term bond recorded 16.319% and was covered for 1.6 time . 
( source Ministry of Finance )