Egypt sells LE 5 bln in T-bills, yields rise

DNE
DNE
1 Min Read

CAIRO: Egypt’s central bank sold LE 5 billion ($837.82 billion) in domestic treasury bills on Sunday, the same amount it had offered, the bank said.

The bank sold LE 1.5 billion pounds of 91-day T-bills on behalf of the Finance Ministry at an average yield of 11.928 percent, up from 11.907 percent at last week’s auction.

It also sold 3.5 billion pounds of 273-day T-bills at an average yield of 12.932 percent, up from 12.858 percent at the last issue on Aug 2.

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