Egyptian Finance Ministry auctions EGP 7bn T-bonds
Egyptian Finance Ministry
Cairo - MENA
The Finance Ministry auctioned on Sunday treasury bonds at a total value of EGP 7 billion.
In an online statement, the ministry said it sold EGP 2.5 billion of 91-day T-bills. The average yield was 11.233 percent, it said, adding it accepted bids at rates between 11.151 and 11.262 percent.
As for the 266-day T-bills, they were sold for EGP 4.5 billion and achieved average revenue of 11.557 percent, the ministry said, adding it accepted bids at rates between 11.5 and 11.579 percent.
The Central Bank of Egypt auctions T-bills and T-bonds on behalf of the Finance Ministry.
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