Central Bank sells more 182-day T-bills than it offered

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By Mohamed Samir / Reuters

CAIRO: Egypt’s central bank sold more 182-day treasury bills than originally offered at an auction on Thursday, but trimmed the amount of 357-day T-bills it sold, the bank said.

It sold LE4.5 billion ($745.50 million) of 182-day T-bills on behalf of the Finance Ministry instead of the LE3 billion it had offered. The average yield edged up to 14.923 percent from 14.918 percent at last week’s auction.

It sold LE2.5 billion of 357-day T-bills instead of the LE4 billion it had offered. The average yield fell to 15.965 percent from 15.975 percent at the last issue on Feb. 14.


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