EFG Hermes seeing foreign interest in Egyptian t-bills: CEO

Egypt-based investment bank EFG Hermes is seeing foreign interest in Egyptian treasury bills, Chief Executive Karim Awad announced Wednesday.

The bank is “seeing evidence of investor interest in treasury bills which will be of extreme importance to the government in growing bond yields and supporting the currency going forward,” Awad told reporters in response to questions about foreign investor interest in Egypt following its currency flotation early this month.

Source: Reuters