Table ( 16  ) : Government Securities Issuances
2002/2003 - Jul-Nov 2005/2006
(LE Billion)
  Jul - Sep 2004 Oct - Dec 2004 Jan - Mar 2005 Apr - Jun 2005 2004/2005 Jul - Sep 2005 Oct - Dec 2005 * 2002/2003 2003/2004 2004/2005 Jul-Dec 2002/2003  2003/2004
Jul-Dec
2004/2005
Jul-Dec 
2005/2006
Jul-Nov 
Issued  46.3 36.2 34.3 21.1 137.9 43.0 24.8 127.3 150.5 137.9 70.6 73.5 62.1 67.8
T- Bills 46.3 27.2 29.3 21.1 123.9 35.0 16.8 127.3 146.5 123.9 70.6 73.5 62.1 51.8
T- Bonds 0.0 9.0 5.0 0.0 14.0 8.0 8.0 0 4 14.0 0 0 0 16.0
Matured 41.8 24.7 28.1 13.8 108.4 24.8 13.8 112.0 142.0 108.4 64.1 66.6 46.7 38.6
T- Bills 41.8 24.7 28.1 13.8 108.4 23.8 13.3 112 138 108.4 64.1 66.6 46.7 37.1
T- Bonds 0.0 0.0 0.0 0.0 0.0 1.0 0.5 0 4 0.0 0 0 0 1.5
Net Issues 1/ 4.5 11.5 6.2 7.3 29.5 18.2 11.0 15.3 8.5 29.5 6.5 6.9 15.4 29.2
Outstanding Stock (End of Period) 81.2 92.6 98.9 106.2 106.9 125.1 136.1 68.3 76.8 106.9 0.0 0.0 0.0 136.1
T- Bills 68.2 70.6 71.9 79.2 79.9 91.1 94.6 55.3 63.8 79.9 0 0 0 94.6
T- Bonds 13.0 22.0 27.0 27.0 27.0 34.0 41.5 13.0 13.0 27.0 0.0 0.0 0.0 41.5
Average Interest Rates 2/ :                            
91   Day T- Bills 11.0 10.5  -- 9.7 10.6 8.8 9.2 7.958 8.333 10.6 6.879 7.939 8.37 9.023
182 Day T- Bills 11.5 10.8 9.9 9.9 10.6 9.4 9.3 8.792 8.423 10.6 7.222 7.782 9.349 9.348
364 Day T- Bills 12.0 11.5 10.2 10.1 10.4 9.3 9.2 -- 8.866 10.4 -- -- 9.246 9.204
Source: Ministry of Finance.
1/  Equivalent to total issued less total matured bills.
2/  Average interest rates in the primary market.