Finance Ministry auctions LE1.25B T-bonds

CAIRO – 1 October 2018: Egypt's Finance Ministry auctioned Monday three-year and seven-year treasury bonds at a total value of LE 1.25 billion.

In a statement, the ministry said it has sold LE 750 million of three-year T-bonds with an average yield of 18.432 percent, adding it accepted bids at rates between 18.45 percent and 18.3 percent.

As for the seven-year T-bonds, worth LE 500 million, they achieved average revenue of 18.431 percent, the ministry said.

The yield ranged from 18.5 percent to 18.41 percent.

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