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Egypt sells treasury bills worth LE5bn

Central bank meets target in latest auction

Reuters, Sunday 20 Mar 2011
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Egypt's central bank said it sold 5 billion Egyptian pounds ($843 million) in domestic treasury bills on Sunday, the same amount it was seeking.

The bank sold LE1.5bn of 91-day T-bills at an average yield of 11.349 per cent, down from 11.465 per cent at last week's auction.

The bank also sold LE3.5bn of 273-day T-bills at an average yield of 12.257 per cent, up from 12.162 per cent at last issue on 1 March.

 

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