Egypt issues $944.5M in 1 year T-bills at 3.3% average yield

CAIRO - 8 January 2018: The average yield on Egyptian one-year dollar-denominated treasury bills fell to 3.346 percent on Monday from 3.495 percent at the last auction on Dec. 11, the central bank said.

The Finance Ministry sold $944.5 million in treasury bills to local and foreign financial institutions. The bills mature on January 8, 2019.

Appetite for Egypt’s domestic debt has grown since the central bank floated the pound currency in November 2016 as part of a deal for a $12 billion International Monetary Fund loan.