Egypt’s Finance Ministry auctions T-bills worth EGP 18.2bn

Photo: Al-Ahram

 

The Ministry of Finance auctioned on Sunday treasury bills at a total value of EGP 18.250 billion.

In an online statement, the ministry said it sold EGP 9.750 billion of 91-day T-bills with an average yield of 19.475%, adding it accepted bids at rates between 19.649 and 19.001%.

It further said that it sold 266-day T-bills at a value of EGP 8.5 billion with an average yield of 19.971%

Source :

Ahram Online

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