Egypt to issue $950m 1-year treasury bill

Ahram Online , Sunday 11 Jan 2015

Open to local banks and international financial institutions, the auction of the 1-year treasury bill will open and end Monday

The Egyptian government plans to issue a $950 million 1-year treasury bill Monday, the Central Bank of Egypt has said.

The issue is open to local banks as well as international financial institutions, with the auction deadline ending tomorrow.

Egypt's international reserves inched down to $15.33 billion at the end of December from $15.88 billion a month prior.

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