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Egypt’s Finance Ministry Auctions T-bills at EGP 7.5bn

Source: www.export-egypt.com 1/18/2016, Location: Africa

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The Finance Ministry auctioned treasury bills at a total value of EGP 7.5 billion.

In an online statement, the ministry said it sold EGP 3 billion of 91-day T-bills. The average yield was 11.534%, it said, adding it accepted bids at rates between 11.249% and 11.550%.

As for the 266-day T-bills, sold for EGP 4.5 billion, they achieved average revenue of 12.066%, the ministry said, adding that it accepted bids at rates between 11.950% and 12.080%.

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

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