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Friday, 18 October 2019

Egypt's Finance Ministry auctions EGP 1.2 bn T-bonds

MENA , Tuesday 26 Mar 2019
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The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 1.250 billion.

In an online statement, the ministry said it sold EGP 750 million of 5-year T-bonds with an average interest rate of 16.193%, adding that the interest rate ranged from 16.1% to 16.23%.

The ministry further stated that it sold EGP 500 million of 10-year T-bonds with an average interest rate of 16.387%, noting that the interest rate ranged between 16.13% and 16.44%.

The Central Bank of Egypt auctions T-bonds on behalf of the Finance Ministry. 

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