Egypt's Finance Ministry auctions T-bills at total value of $7bn
Egypt's Finance Ministry
Cairo - MENA
The Finance Ministry Tuesday auctioned treasury bills at a total value of 7 billion pounds.
In an online statement, the ministry said it auctioned 3.5 billion pounds of 182-day T-bills. The average yield was 11.499 percent it said.
As for the 364-day T-bills, sold for 4.5 billion pounds, the Ministry said they achieved average revenue of 11.579 percent.
The Central Bank of Egypt auctions T-bills on behalf of the Finance Ministry.
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