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Egyptian Finance Ministry Auctions EGP 6 billion T-bills

Source: www.export-egypt.com 1/3/2014, Location: Africa

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The Ministry of Finance on 02/01/2014 auctioned treasury bills at a total value of EGP 6 billion.

In statements, the ministry said it sold EGP 2.5 billion of 182-day T-bills with a 1.91 bid-to-cover ratio. The average yield was 10.874%, it said, adding it accepted bids at rates between 10.84% and 10.9%.

As for the 364-day T-bills, they achieved average revenue of 11.126%, the ministry said, adding it accepted bids at rates between 10.999% and 11.15%.

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