Egypt's finance ministry auctions EGP 18.5 bln T-bonds

MENA , Sunday 28 Oct 2018

Ministry of Finance
File Photo: Cairo's headquarters of the Egyptian ministry of finance (Photo: Al-Ahram)

The Finance Ministry auctioned on Sunday 91-day and 273-day treasury bonds at a total value of EGP 18.5 billion.

In an online statement, the ministry said it has sold EGP 9.750 billion of 91-day T-bonds with an average yield of 19.709%, adding it accepted bids at rates between 19.724% and 19.001%.

As for the 273-day T-bonds, worth EGP 8.750 billion, they achieved average revenue of 19.812%, the ministry said.

The yield ranged from 19.84 percent to 19.499 percent.

The Central Bank of Egypt auctions T-bonds on behalf of the Finance Ministry.

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