Egypt to auction $1 billion one-year dollar T-bills on Monday: central bank

Reuters , Friday 7 Dec 2018

File Photo: The headquarters of Central Bank is seen in downtown Cairo. (Photo: Reuters)

Egypt will auction $1 billion worth of one-year dollar-denominated treasury bills next Monday, the central bank said on Thursday.

The auction will be settled on Tuesday, the bank said.

One-year bills worth about $1.15 billion are due to mature on the same day. The average yield on those bills was 3.495 percent.

In the last dollar-denominated treasury bill auction, on Nov 19, the average yield was 3.697 percent.

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