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Wednesday, 03 June 2020

Egypt to auction $1 billion in one-year dollar T-bills

Reuters , Thursday 2 May 2019
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Egypt will auction 1 billion USD worth of one-year dollar-denominated treasury bills on Monday, the central bank said. The auction will be settled on Tuesday when dollar T-bills worth 1.1 billion USD are due to mature. Officials say they are trying to diversify the country's sources of foreign debt and lengthen its average maturity.
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