Egypt’s FinMin Sells T-Bills Worth EGP 7.32 Bln

The Egyptian Ministry of Finance sold 182- and 364-day treasury bills worth EGP 7.32 billion on Thursday.

The Ministry sold EGP 3.21 billion worth of 182-day T-bills, while it sought to raise EGP 4 billion. Meanwhile, it sold the total value it offered of the EGP 4 billion worth of the 364-day T-bills.

The yields on 182-day T-bills ranged from 14.199% to 14.531%, while the average return registered 14.342%. The yields on 364-day T-bills ranged from 14.499% to 14.950%, while the average return registered 14.801%.