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Friday, 06 December 2019

Egypt's finance ministry auctions EGP 2.5 bln T-bonds

MENA , Tuesday 3 Sep 2019
finance Ministry
A file photo of Egypt's Finance Ministry in Cairo (Photo: Al-Ahram)
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The Ministry of Finance auctioned on Monday treasury bonds at a total value of EGP 2.5 billion.

In an online statement, the ministry said it auctioned three-year T-bonds worth EGP 1.250 billion, with an average yield of 14.443%.

The yield ranged from 14.3% to 14.5%.

It also auctioned 7-year T-bonds worth EGP 1.250 billion with an average yield of 14.679%.

The yield ranged from 14.58% to 14.7%.

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