The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 500 million.

In an online statement, the ministry said it sold EGP 250 million of three-year bonds (maturing on 6 September, 2019). The average yield was 16.6 percent.

It also sold EGP 250 million of seven-year bonds (maturing on August 9, 2023) that had a coupon of 16.681 percent. The yield ranged from 16.52 percent to 16.7 perecent.

The Central Bank of Egypt auctions T-bonds on behalf of the Finance Ministry