Egypt central bank cancels 91, 273-day Treasury-bill auctions

Reuters, Sunday 11 Sep 2011

The bank gave no reason for the cancellation, which is not uncommon

Egypt's central bank cancelled auctions for 91-day and 273-day treasury bills worth 6 billion Egyptians pounds, the Finance Ministry said on its website on Sunday.

The bank gave no reason for the cancellation, which is not uncommon.

The central bank auctions the T-bills on behalf of Egypt's Finance Ministry, which had offered 91-day bills worth 2.5 billion pounds and 273-day bills worth 3.5 billion pounds.

It had planned to issue the T-bills on September 13.

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