CBE Selling EGP4.5 bln T-Bills Today

On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt sold today 91- and 273-day treasury bills worth EGP 4.5 billion.

Throughout its official website, the CBE stated that the first offering; 91-day t-bills is at value of EGP 1.5 billion, whereas the second offering; the 273-day t-bills amounts to EGP 3 billion, registering 10.533% average return, 10.58% highest return and 10.533% lowest return, in addition 2.9 times has been covered.

While the second offering the 273-day t-bills amounts to EGP3billion hit 11.113% average return, 11.168% highest return and 11.03% lowest return, as well as 2.13 times has been covered.