Finance Ministry Raises EGP 7 Bln In 182-, 357-Day T-Bills

By Administrator On Apr 24, 2013

The Egyptian Ministry of Finance sold 182- and 357-day treasury bills worth EGP 7 billion on Wednesday. The Ministry raised EGP 4 billion and EGP 3 billion in 182- and 357-day T-bills, respectively.

The yields on 182-day T-bills ranged from 13.420% to 13.669%, while the average return registered 13.579%. The yields on 357-day T-bills ranged from 13.850% to 14.060%, while the average return registered 13.973%.

It is noteworthy that the Ministry decided to advance the auction from to Wednesday instead of Thursday because it is an official holiday on the occasion of Sinai Liberation Day.