Egypt:Finance Ministry Auctions EGP 15.7 Billion T-Bonds

The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 15.750 billion.

In an online statement, the ministry said it sold EGP 7.5 billion of 182-day T-bills with an average yield of 17.569%, adding it accepted bids at rates between 17.619% and 17.401.

As for the 364-day T-bills, worth EGP 8.250 billion, they achieved average revenue of 16.559%, the ministry said. It accepted bids at rates between 16.6 % and 16.251%.