Egypt issues €692.9mn one-year treasury bills auction: c.bank

Egypt has sold 692.9 million euros in one-year euro-denominated treasury bills to local and foreign financial institutions in an auction, the central bank said on Monday.

The average yield for the bills, which mature on November 13 2018, was 1.499 percent.

Appetite for Egypt’s domestic debt has grown since the central bank floated the pound currency in November 2016 as part of a deal for a $12 billion International Monetary Fund loan.

Source: Reuters