Finance Ministry auctions LE2.2B T-bonds

CAIRO - 15 January 2018: The Finance Ministry auctioned on Monday treasury bills at a total value of LE2.250 billion.

In an online statement, the ministry said it sold EGP 1.250 billion of five-year T-bills with an average yield of 15.441%, adding it accepted bids at rates between 15.51% and 15.39%.

As for the 10-year T-bills, worth EGP one billion, they achieved average revenue of 15.306%, the ministry said, adding it accepted bids at rates between 15.357% and 15.04%.

The Central Bank of Egypt auctions T-bills on behalf of the Finance Ministry.