Egypt Independent

Central Bank of Egypt sells LE7bn T-bonds



The Finance Ministry auctioned on Sunday treasury bonds at a total value of LE7 billion.
 
In an online statement, the ministry said it sold LE2.5 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 LE4.5 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