Egypt Sells €734.3m of 1-Year T-Bills – Central Bank

Egypt’s central bank said on Monday it had sold 734.3 million euros ($917.80 million) in euro-denominated one-year treasury bills at an average yield of 1.894 percent.

The government has turned mainly to the local money market to finance its public deficit since Egypt’s popular uprising in early 2011 deterred most foreign investors.

Source: Reuters