C.Bank Sells EGP5.5bln T-Bills Today

Big 5

 On behalf of the Egyptian Finance Ministry, Central bank succeeded today in selling 91-and -273day with EGP5.5billion.

Throughout its official website, the Ministry stated that the first offering 91-day reached EGP2billion registering 10.449% average return ,10.491% highest return and 10.382% lowest return, in addition, 1.12 times has been covered.

The second offering 273-day reached EGP3.5billion, recording 10.787% average return, 10.82% highest return and 10.700% lowest return, in addition 2.17times has been covered.

The government is aiming issuing EGP205billion treasury bills and bonds within the last quarter of the current year compared to EGP203billion in the previous quarter.

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