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Egypt's finance ministry auctions EGP 1.7 bln T-bonds

MENA , Monday 1 Apr 2019

Finance Ministry
A file photo of Finance ministry's headquarter in Cairo (Photo: Al-Ahram)

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The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 1.750 billion.

In an online statement, the ministry said it sold EGP one billion of 3-year T-bonds with an average interest rate of 16.627%, adding that the interest rate ranged from 16.4% to 16.75%.

The ministry further stated that it sold EGP 750 million of 7-year T-bonds with an average interest rate of 16.582%, noting that the interest rate ranged between 16.48% and 16.7%.

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

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