Egypt’s Finance Sells T-Bills Worth EGP 6.5 Bln Today

The Finance Ministry has sold 182-357 day treasury bills totaled at EGP 6.5 billion.

The Ministry has emphasized that the first offering 182-days are worth EGP 2.5 billion, as it has been covered 1.97 times recording an average interest rate of 12.935 %, while the highest is 13.031 % and the lowest is 12.751 %.

The Ministry has further pointed out the second offering 365 -days reached EGP 4 billion, as it has been covered 2.25 times, recording an average interest rate of 13.326% , while the lowest is 13.000%.