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Egypt sells T-bills worth 5 bln EGP, yields rise

Egypt's central bank said it sold less than the LE5.5 billion T-bills it was seeking

Reuters, Sunday 5 Jun 2011
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Egypt's central bank said it sold LE 5 billion in domestic treasury bills on Sunday, less than the LE5.5 billion it was seeking.

The bank sold LE2 billion of 91-day T-bills at an average yield of 11.60 per cent, up a fraction from 11.56 per cent at last week's auction. The same amount it had asked for.

The bank also sold LE3 billion of 266-day T-bills, at an average yield of 12.87 per cent, also up a fraction from 12.76 per cent at last issue on May 10. It had sought bills worth LE3.5 billion.

 

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