Egypt sells 692.9 mln euros in euro-denominated T-bills auction

Reuters , Monday 13 Nov 2017

Central Bank of Egypt
The headquarters of Central Bank in downtown Cairo (Photo: Reuters)
Egypt has sold 692.9 million euros in one-year euro-denominated treasury bills to local and foreign financial institutions in an auction, the central bank said on Monday.
The average yield for the bills, which mature on Nov. 13 2018, was 1.499 percent.
Appetite for Egypt’s domestic debt has grown since the central bank floated the pound currency in November 2016 as part of a deal for a $12 billion International Monetary Fund loan.
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