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Egypt sells more 91-day T-bills than offered - Daily News Egypt

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Egypt sells more 91-day T-bills than offered

CAIRO: Egypt’s central bank sold more 91-day treasury bills than originally offered at an auction on Sunday but trimmed the amount 266-day T-bills sold, the Finance Ministry said on its website. The bank sold LE 3 billion ($498.1 million) of 91-day bills compared to the 2 billion it offered, with the average yield remaining steady …


CAIRO: Egypt’s central bank sold more 91-day treasury bills than originally offered at an auction on Sunday but trimmed the amount 266-day T-bills sold, the Finance Ministry said on its website.

The bank sold LE 3 billion ($498.1 million) of 91-day bills compared to the 2 billion it offered, with the average yield remaining steady from last week at 13.95 percent.

It sold only LE 1 billion pounds of 266-day T-bills, short of the LE 3.5 billion it had offered, with the average yield rising to 15.26 percent from 15.144 percent at the last issue on Dec 13.

The bank sells T-bills on behalf of the Finance Ministry.

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https://wwww.dailynewssegypt.com/2011/12/25/egypt-sells-more-91-day-t-bills-than-offered/
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