Egypt's finance ministry auctions EGP 16.2 bln in T-bonds

MENA , Sunday 2 Sep 2018

Egypt's Finance Ministry (Photo: Ayat Al-Tawy)

Egypt's ministry of finance announced on Sunday it auctioned treasury bills at a total value of EGP 16.250 billion.

In an a statement published on its official website , the ministry said it sold EGP 8.250 billion of 91-days T-bills with an average interest rate of 19.179%.

The yield ranged from 18.988% to 19.279%.

The ministry added that it also sold EGP 8 billion of 273-days T-bills that had a coupon of 19.54%. The yield ranged from 19% to 19.68%

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