Finance Ministry auctions EGP 7.5bn T-bonds

The Finance Ministry auctioned on Sunday treasury bonds at a total value of EGP 7.5 billion.

In an online statement, the ministry said it sold EGP 3 billion of 91-day T-bills. The average yield was 11.413 percent, it said, adding it accepted bids at rates between 10.999 and 11.440 percent.

As for the 266-day T-bills, they were sold for EGP 4.5 billion and achieved average revenue of 12.059 percent, the ministry said, adding it accepted bids at rates between 11.981 and 12.085 percent.

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