Egypt's Finance Ministry auctions EGP 17 bln T-bonds

MENA , Sunday 14 Apr 2019

Egypt's Finance Ministry auctioned on Sunday treasury bonds at a total value of EGP 17 billion.

In an online statement, the ministry announced it has sold EGP 8.5 billion of 91-day T-bonds with an average yield of 17.528 percent, adding it accepted bids at rates between 17.572 percent and 17.248 percent.

As for the 273-day T-bonds, worth EGP 8.5 billion, they achieved average revenue of 17.524 percent, the ministry said.

The yield ranged from 17.58 percent to 17.401 percent.

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

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