CBE Sells EGP6.5 bln T-Bills on Thursday

On behalf of the Egyptian Finance Ministry, the Central bank of Egypt (CBE) has sold today 182-and364- day EGP6.5 billion treasury bills today.

Throughout its official website, the finance ministry stated that the first offering which is 182- day up EGP2.5 billion, registering 10.965% average return, 11.03% highest return and 10.889% lowest return, in addition maturities have been covered  1.73 times.

While the second offering 364-day is at value of EGP4 billion, recording 11.358% average return, 11.249% highest return and 11.390% lowest return, along with  2.1 times maturities have been covered.