Egypt sells T-bills worth 4.975 bln EGP

Reuters, Sunday 29 May 2011

Egypt's central bank said it sold 4.975 billion Egyptian pounds ($835.88 million) in domestic treasury bills on Sunday, less than the 5.5 billion pounds it was seeking

Egypt's central bank said it sold 4.975 billion Egyptian pounds ($835.88 million) in domestic treasury bills on Sunday, less than the 5.5 billion pounds it was seeking.

The bank sold 2.5 billion pounds of 91-day T-bills at an average yield of 11.561 per cent, down from 11.616 per cent at last week's auction. It had offered 2 billion pounds.

The bank also sold 2.475 billion pounds of 273-day T-bills, at an average yield of 12.865 per cent, up from 12.658 per cent at last issue on May 3. It had sought bills

worth 3.5 billion pounds.

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