Egypt FinMin to Raise EGP3 bln T-bonds Today

Egypt will be offering today 3-and 7-year treasury bonds totaled EGP 3 billion, the ministry said in a statement.

Egyptian Finance Ministry is set to offer 3-year t-bonds at value of EGP 1.5 billion, whereas the 7-year t-bonds are worth EGP 1.5 billion.

The Ministry  managed on Sunday to sell 91-and 273-day treasury bills worth EGP 5.5 billion. The average yield for the first offering the 91-day t-bills hit 11.037%; whereas the for the second offering the 273-day t-bills scored 11.382%.