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 five-year bonds (maturing on August 16, 2021). The average yield was 16.718 percent.

It also sold EGP 250 million of ten-year bonds (maturing on July 5, 2026) that had a coupon of 17.112 percent. The yield ranged from 16.93 percent to 17.15 percent.

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