Egypt sells $1bn in dollar T-bills at avg 3.855 pct

Reuters, Tuesday 17 Jan 2012

Egypt's central bank said it sold $1 billion in one-year US-dollar-denominated treasury bills on Tuesday at a weighted average yield of 3.855 per cent.

The central bank received bids worth $2.043 billion, with yields on the accepted bids ranging from 3.845 to 3.86 per cent . The bank had originally offered $1 billion.

The average yield at the last issue of dollar-denominated T-bills on 20 December was 3.881 per cent.

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