Egypt sells $1.7 billion worth of dollar T-bills: Central bank

Reuters , Monday 19 Nov 2018

Central Bank
File Photo: People walk past the Egyptian Central Bank in downtown Cairo on November 3, 2016. (AFP)

Egypt sold $1.7 billion worth of dollar-denominated treasury bills at an average yield of 3.697 percent on Monday, the central bank said.

On Nov. 15, the bank said it would auction $1.675 billion worth of one-year dollar-denominated treasury bills on Monday. It said the auction would be settled on Tuesday and is open to local banks and foreign institutions.

One-year dollar-denominated treasury bills worth $1.73 billion issued a year ago are due to mature on Tuesday.

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