ICEC

Egypt’s Finance Ministry auctions 16.2 bln pounds in T-bills

Egypt’s Ministry of Finance announced on Sunday that it auctioned treasury bills at a total value of 16.250 billion pounds.

In an a statement published on its official website , the ministry said it sold 8.250 billion pounds of 91-days treasury bills with an average interest rate of 19.179 percent.

The yield ranged from 18.988 percent to 19.279 percent.

The ministry added that it also sold 8 billion pounds of 273-days  treasury bills that had a coupon of 19.54 percent. The yield ranged from 19 percent to 19.68 percent.

Source: MENA

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